# 3020 SW 27th Avenue, Amarillo, TX 79109

> **TL;DR:** residential multi family, $3,650,000 ($380/sqft), built 1974, 9,600 sqft.
> A/C. Est. $15,817/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,650,000 |
| Price/sqft | $380 |
| Square Feet | 9,600 |
| Year Built | 1974 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $15,817 |
| **Total** | **$15,817** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1974

## Description

### Agent 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.

## Location

- **Address:** 3020 SW 27th Avenue, Amarillo, TX 79109
- **County:** Potter
- **Coordinates:** 35.18449, -101.871538
- **Google Maps:** https://www.google.com/maps?q=35.18449,-101.871538

## Listing Agent

- **Name:** Kirk Chudej
- **Brokerage:** FIMC Commercial Realty
- **Phone:** (806) 358-7151

## Primary Photo

![3020 SW 27th Avenue - Primary Photo](http://lh.rdcpix.com/f81f1702a4bb49f6f3715f22d5d32097l-f4159102144r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/3020-sw-27th-avenue-amarillo-tx-79109-261518)*

---

**MLS#:** 26-1518 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Amarillo Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3020-sw-27th-avenue-amarillo-tx-79109-261518)

---

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