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$ 3,550,000
Est. payment | /mo
9,600 SqFt
$ 3,550,000
Est. payment | /mo
9,600 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,600 sqft
Price per Sqft $369
MLS Listing ID 26-1518
Year Built 1974
Source Amarillo Association of REALTORS®
Property 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
State TX
County Potter
Area 0202 - Lawrence Park
Zoning 0200 - SW Amarillo in City Limits
Direction From Paramount turn East on SW 26th then Souht on Patterson property is on your left.
Interior
Cooling Central Air
Appliance Refrigerator, Range, Disposal, Dishwasher, Cooktop
Exterior
Exterior Feature Balcony
Amenities Available Barbeques
Roof Type Composition
Building
Structure Type Brick Veneer
Others
Tax ID 213915
Listed Kirk Chudej • FIMC Commercial Realty
NEARBY SCHOOL & BUSINESS
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