Land
3020 SW 27th Avenue, Amarillo, TX 79109
Amarillo, Potter County 79109
$3.5M
$0 per acre
Total Acres
0 acres
Price per Acre
$0
Location
Amarillo, Potter County
Days on Market
0 days
Property Photos
18 photos from the MLS
About This Property
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.
MLS# 26-1518 · Listed by FIMC Commercial Realty · Kirk Chudej
Evaluating This Property
Use this checklist on 3020 SW 27th Avenue, Amarillo, TX 79109 before you write an offer. Taylor walks buyers through the same fundamentals on every serious Panhandle ranch.
Water
Confirm stock tanks, wells, windmills, creeks, and drainage. In the Panhandle, water reliability drives both daily use and long term value.
Terrain
Match rolling mesa country, draws, creek bottom, or open grassland to your plans for cattle, recreation, or a mixed use ranch.
Access
Review county road frontage, deeded easements, gates, and interior roads. Weak access slows operations and can affect resale.
Fencing
Estimate perimeter and cross fence condition in miles, not feet. Rebuild costs add up fast on large Panhandle tracts.
Improvements
Price homes, barns, pens, blinds, and feeders against what you will keep versus replace after closing.
Neighboring Land
Look at adjacent use, boundary clarity, and shared infrastructure. What neighbors do affects habitat, privacy, and operations.
Minerals and Easements
Confirm what transfers with surface ownership and whether pipelines, power lines, or other easements cross the ranch.
County Context
Compare price per acre to recent sales in the same county with similar water and improvements. Acreage is not priced equally block by block.
Exclusive to Cox Land & Ranch
Fly This Property Before You Offer
At 0 acres near Amarillo, Potter County, ground tours only show part of the story. Taylor can arrange a helicopter tour for qualified buyers to survey this property from above.
From the air you will see terrain, water, fencing, access roads, and neighboring context. That clarity helps you decide faster and write a cleaner offer when the ranch is the right fit.
Due Diligence
Questions to Ask Before You Offer
Bring these to your conversation with Taylor and the seller. Solid answers reduce surprises after contract.
Beyond the Purchase
Related Cox Land & Ranch Services
Buying is one step. These services help you operate the ranch or share ownership after closing.
After Closing
Ranch Management
Full service land stewardship in the Texas Panhandle: property upkeep, water management, wildlife coordination, habitat work, and seasonal reporting so the ranch improves from day one.
Explore Ranch ManagementShared Ownership
Partial Ranch Ownership
Join a small owner group on a quality Panhandle ranch. Split purchase cost, share scheduled access, and let Cox Land & Ranch Management handle the land while you enjoy the property.
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