3020 SW 27th Avenue, Amarillo, TX 79109 (MLS# 26-1518)
3020 SW 27th Avenue, Amarillo, TX 79109
$3,650,000
Property Type:
MultiFamily
Square Footage:
9,600
Status:
Active
Current Price:
$3,650,000
Last Modified:
3/17/2026
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.
More Information MLS# 26-1518
Property Information
Current Price: $3,650,000
To Be Auctioned: No
List Price: $3,650,000
Zone: 0200 - SW Amarillo in City Limits
Area: 0202 - Lawrence Park
Status: Active
Realtor.COM Type: Multi-Family
Total SqFt. (+/-): 9600
List Price Per Sq. Ft.: 380.21
Year Built: 1974
Number of Stories: Two
Source of Sq Ft: Appraisal District
Photos are Virtually Staged: No
Taxes and Legal Information
House #: 3020
Street Direction Pfx: SW
Street Name: 27th
Street Sfx: Avenue
State/Province: TX
Postal Code: 79109
County: Potter
Legal: LAWRENCE PARK ADDN # 6, BLK 0025, 5 EXC N 35FT PLUS ALL OF 6 AND 7
Listing Info
L/A Supervisor Name: Bill Chudej
Supervisor's Phone #: 806-358-7151
L/A Supervisor License Number: 331043
Exchange For: Cash
Directions: From Paramount turn East on SW 26th then Souht on Patterson property is on your left.
Property Features
Unit Features: Balcony; Patio
Common Amenities: Barbeques
Appliances: Cooktop; Dishwasher; Disposal; Range; Refrigerator
Roof: Composition
Construction: Brick Veneer
Heating: Natural Gas
Cooling: Central Air
Safety Features: Smoke/Heat Detector
Documents
Patterson Place OM ›Listing Office: FIMC Commercial Realty
Listing Agent: Kirk Chudej
Last Updated: March - 17 - 2026
Information deemed reliable but not guaranteed.