$3,650,000

3020 SW 27th Avenue, Amarillo, TX 79109

  • 9,600 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $380/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

Discover a lucrative investment opportunity at Patterson Place Apartments in SW Amarillo, Texas. This 55-unit multifamily property, featuring a mix of 1-bed/1-bath and 2-bed/1-bath units built in 1974, offers immediate upside potential with below-market rents ripe for increase. Strategically located near major amenities, including shopping, grocery stores, and restaurants, Patterson Place benefits from a prime SW Amarillo location, ensuring high tenant demand. Recent upgrades have demonstrated the potential for rent growth, with achievable value-add opportunities. Amarillo's bright economic outlook, fueled by transformative projects like Fermi America's expansive 11-gigawatt AI data center, promises sustained population growth and increased housing demand.

Listing Status:
Active
Data Last Updated:
March 17, 2026 at 2:39PM
Listing Office:
FIMC Commercial Realty : 806-358-7151
Listing Agent:
Kirk Chudej : 806-358-7151 x209
MLS ID:
26-1518
  • Appliances: RangeCooktopDishwasherDisposalRefrigerator
  • A/C: Central Air
  • General: Balcony
  • Roofing: Composition
  • General: Brick Veneer
  • HOA Amenities: Barbeques
  • Originating MLS: Amarillo Association of REALTORS®
  • County: Potter
  • Zoning: LAWRENCE PARK ADDN # 6BLK 00255 EXC N 35FT PLUS ALL OF 6 AND 7213915
  • Source: Amarillo Association of REALTORS®

This listing courtesy of Kirk Chudej , FIMC Commercial Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Coronado Elementary School

3210 Wimberly Rd, Amarillo, TX, 79109

Grades PK-5

0.51 miles away

A

Austin Middle School

1808 Wimberly Rd, Amarillo, TX, 79109

Grades 6-8

0.67 miles away

T

Tascosa High School

3921 Westlawn St, Amarillo, TX, 79102

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.