Signal Hill Studios

Investment Overview

Clemons Real Estate is pleased to present Signal Hill Studios, a 48-unit all-studio community at 2950 Summit St in Kansas City's Midtown corridor — delivered in 2023 and the first shipping container multifamily development of its kind in Kansas City. Built to a modern micro-living concept with 360 SF floor plans, floor-to-ceiling windows, in-unit laundry, and individually metered electric, the property carries a lean, low-maintenance operating profile. In-place rents average $902/month against a market of $995, representing nearly $100/unit in monthly upside. Current NOI of $265,125 grows to a proforma of $350,712 as rents stabilize toward market. This is a rare opportunity to acquire a newly built, one-of-a-kind asset at a below-replacement basis with meaningful, renovation-free upside ahead.

Investment Highlights

• First-of-Its-Kind Construction — Durable, Sustainable, Low Maintenance – Kansas City's first shipping container multifamily project, proven and operating successfully since 2023.
• Individually Metered Electric — Lean Expense Structure – Tenant-paid electric and instant hot water minimize ownership's utility exposure.
• Rent Upside to Market – In-place rents average $902/month, with the property already having proven rents above $1,000.
• Midtown Location with Resident Amenities and Strong Access – Dog park, private patios/decks, Penn Valley Park across the street, and KC Streetcar access.