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About This Home
This 0-bedroom, 0-bathroom residential multi family at 3020 SW 27th Avenue in Amarillo, TX is listed for $3,650,000 ($380 per sqft). Built in 1974, the home offers 9,600 sqft of living space on a N/A lot.
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.
Key Features
- Built in 1974
Property Details
Amenities
Monthly Cost Estimate
$19,521/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3020 SW 27th Avenue
Amarillo, TX 79109
Features & Amenities
Exterior Features
Property Details
Construction
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 3020 SW 27th Avenue is listed at $3,650,000 ($380/sqft). The estimated monthly payment is $15,817 based on 20% down at 6.5% interest.
Key features include: Built in 1974. Exterior Features: Balcony.
This property is listed by Kirk Chudej and can be reached at (806) 358-7151.