Southern Tulip Apartments Evansville IN

A resident‑first value‑add renovation with safety, energy, and community upgrades.

72

Units

Multifamily

Property Type

2024

Stabilized

Veteran Ready

Highlights

Overview

Acquired as an underperforming asset, Maplewood Apartments underwent targeted renovations to improve safety, energy efficiency, and resident experience. A portion of units is prioritized for Veterans and students via local partnerships.

Renovations & Upgrades

  • LED lighting, CCTV, access control, and exterior visibility improvements
  • HVAC replacements, low‑flow fixtures, Energy Star appliances
  • Interior refresh: durable flooring, paint, kitchens & baths
  • Community center reactivation with study lounge & resource room

Community Impact

  • Safe housing with dignity for Veterans and students
  • On‑site support via non‑profit partners and local services
  • Neighborhood uplift through property beautification and engagement

Quick Facts

Timeline

  • 2023 Q3 Acquisition & due diligence
  • 2023 Q4 Security & life‑safety upgrades
  • 2024 Q1 Interior renovations & energy program
  • 2024 Q2 Lease‑up, partnerships, stabilization

Location