360 Schaefer Dr - Apartments FOR SALE


Branson, MO 65616
$3,850,000 USD
314-802-9405
360 Schaefer Dr, Branson, MO for Sale
$3,850,000 USD
Apartments - FOR SALE
1/13
null | 8.23% Cap Rate

360 Schaefer Dr
Branson, MO 65616


HIGHLIGHTS

  • Stabilized, Cash-Flowing Asset – 95% occupancy with strong in-place income and minimal near-term CapEx needs.
  • Below Replacement Cost – Offered at a significant discount to today’s construction costs.
  • Historic Local Landmark – Former Boxcar Willie Inn, converted to apartments in 2015.

OVERVIEW

Cushman & Wakefield is pleased to present the exclusive listing of Holiday Terrace, an 83-unit apartment community located at 360 Schaefer Drive in the heart of Branson, Missouri—one of the Midwest’s most visited tourist destinations. Originally developed as the Boxcar Willie Inn and later converted to multifamily in 2015, the property offers a unique opportunity to acquire a stabilized, cash-flowing asset in a supply-constrained market. Positioned just one-quarter mile from Branson’s iconic entertainment corridor, Holiday Terrace benefits from strong in-place occupancy (95%+) and offers immediate yield with minimal near-term capital needs. The asset’s average market rent of $747/month ($2.09/SF) remains highly attainable, serving the area’s robust workforce tied to the tourism, retail, and healthcare sectors. Offered at a compelling basis well below replacement cost, this investment presents durable income, favorable long-term fundamentals, and upside via organic rent growth. Holiday Terrace is ideally suited for investors seeking resilient cash flow and strong real estate fundamentals in one of Missouri’s most dynamic submarkets. Highlights: • 83 Units | 29,700 SF | 2.14 Acres • 1994 Construction | 2015 Conversion to Multifamily • 95% Occupied | Avg Unit Size: 358 SF • Full Kitchen, In-Unit W/D (1BRs), Clubhouse, Fitness Center, Indoor Pool • Walkable to Branson Strip | Proximity to Major Employers • Priced Below Replacement Cost

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$24 USD /SF

# OF UNITS

83

PRICE/UNIT

$46,386

CAP RATE

8.23%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1994

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

-

APN/PARCEL ID

18-1.0-02-002-001-003.005

ASK ABOUT THIS PROPERTY

Matthew StephensCushman & WakefieldMore Info
314-802-9405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew StephensCushman & WakefieldMore Info
314-802-9405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.