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Holiday Terrace Apartments 360 Schaefer Dr 83 Unit Apartment Building $3,850,000 ($46,386/Unit) 8.23% Cap Rate Branson, MO 65616

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INVESTMENT HIGHLIGHTS

Stabilized, Cash-Flowing Asset – 95% occupancy with strong in-place income and minimal near-term CapEx needs.
Historic Local Landmark – Former Boxcar Willie Inn, converted to apartments in 2015.

Below Replacement Cost – Offered at a significant discount to today’s construction costs.

EXECUTIVE SUMMARY

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

Offering Memorandum

PROPERTY FACTS

Price	$3,850,000	Building Class	C
Price Per Unit	$46,386	Lot Size	2.14 AC
Sale Type	Investment	Building Size	116,978 SF
Cap Rate	8.23%	Average Occupancy	95%
No. Units	83	No. Stories	4
Property Type	Multifamily	Year Built/Renovated	1994/2015
Property Subtype	Apartment	Parking Ratio	0.52/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,850,000
Price Per Unit	$46,386
Sale Type	Investment
Cap Rate	8.23%
No. Units	83
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	2.14 AC
Building Size	116,978 SF
Average Occupancy	95%
No. Stories	4
Year Built/Renovated	1994/2015
Parking Ratio	0.52/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.