Embassy is a 247-unit multifamily community located in Evansville, Indiana. Built in 1975 and recently renovated between 2021–2025, the property has received over $2.2 million in capital improvements, including roof and HVAC replacements, common area upgrades, and more than 190 interior renovations. Renovated units are achieving rent premiums of nearly $150 per month, with 56 classic units remaining to be upgraded—presenting clear upside for new ownership.

Strategically positioned near Evansville’s top demand drivers—including the 215-acre Promenade Development, Eastland Mall, University of Southern Indiana, and Evansville Regional Airport—Embassy offers residents convenient access to retail, education, employment, and entertainment hubs. The community also benefits from Evansville’s revitalization efforts downtown, which are transforming the riverfront and Main Street into a vibrant mixed-use destination.

With strong in-place occupancy, proven renovation results, and limited new multifamily supply in the market, Embassy presents investors with a well-maintained, cash-flowing asset and a clear path to value creation through occupancy stabilization, mark-to-market rent growth, and completion of the interior renovation program.