Active

3020 SW 27th Avenue

Amarillo, TX 79109

$3,550,000 $14,966/Mo

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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.

Property Details

Property Type : Residential Income

Price : $3,550,000

AD Id : 75476081

MLS Id : 26-1518

Year Built : 1974

County : Potter

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Composition
Interior Features

Roof: Composition Appliances: Range, Cooktop, Dishwasher, Disposal, Refrigerator
Heating & Cooling

Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1974 Building Area Total: 9600 Construction Materials: Brick Veneer Stories: 2 Patio And Porch Features: Patio Private Pool: No
Exterior Features

Exterior Features: Balcony

Listing Price Information

Listing Price: $3550000 Original Price: $3650000

Tax Information

Parcel Number: 213915 Tax Legal Desc: LAWRENCE PARK ADDN # 6, BLK 0025, 5 EXC N 35FT PLUS ALL OF 6 AND 7

Homeowners Association Information
Association Amenities: Barbecue

Location Information

Direction: From Paramount turn East on SW 26th then Souht on Patterson property is on your left. Security Features: Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
313 SW 35th Avenue, Amarillo, TX, 79109	$81,300	--	--	--
2217 Peach Tree Street, Amarillo, TX, 79109	$315,000	--	--	--
3407 Janet Drive, Amarillo, TX, 79109	$444,000	--	--	--

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Amarillo Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Amarillo Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/11/2026 @ 21:52

MLS: 26-1518 LISTED BY: Kirk Chudej, FIMC Commercial Realty 806-358-7151 SOURCE: Amarillo Association of REALTORS