Description

We are pleased to present Signal Hill Studios, a 48-unit multifamily property at 2950 Summit Street in Kansas City. Completed in 2023, the all-studio community offers a distinctive residential format built from repurposed shipping containers on approximately 1.75 acres in the Midtown urban core.

Residences feature efficient studio layouts, floor-to-ceiling windows and in-unit laundry. First-floor homes include private patios, while upper-level homes offer individual decks. Community amenities include a dog park and a partially enclosed outdoor gathering area. Electric service is individually metered, giving residents direct control of their usage.

Penn Valley Park is located across the road and is accessible by pedestrian bridge, with the National WWI Museum and Memorial and Union Station beyond the park. The KC Streetcar stop at 31st and Main is approximately 0.6 mile away, providing connections to Downtown, Westport, the Country Club Plaza, River Market and UMKC.

The property is offered at $4,250,000 and reports current NOI of $261,875, with stabilized NOI projected at $361,608. Its focused unit mix, recent construction and central location offer an opportunity to acquire a modern multifamily asset with an established income stream and additional operational upside.