3020 SW 27th Avenue, Amarillo, TX 79109

Amarillo
Local realty services provided by:ERA Courtyard Real Estate
3020 SW 27th Avenue,Amarillo, TX 79109
$3,650,000
  • - Beds
  • - Baths
  • 9,600 sq. ft.
  • Multi-family
  • Active
Listed by: kirk chudej
Office: fimc commercial realty
MLS#:26-1518
Source:TX_AAOR

Price summary

  • Price:$3,650,000
  • Price per sq. ft.:$380.21

About this home

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.

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Home facts

  • Year built:1974
  • Listing ID #:26-1518
  • Added:78 day(s) ago
  • Updated:May 05, 2026 at 01:05 PM

Rooms and interior

  • Kitchen Description:Cooktop, Dishwasher, Disposal, Range, Refrigerator
  • Living area:9,600 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:9,600 sq. ft.
  • Construction Materials:Brick Veneer

Finances and disclosures

  • Price:$3,650,000
  • Price per sq. ft.:$380.21

Features and amenities

  • Appliances:Cooktop, Dishwasher, Disposal, Range, Refrigerator
  • Amenities:Balcony

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