USAGAJonesboroMonterey Apartments7234 Tara Blvd
7234 Tara Blvd, Home with 0 bedrooms, 0 bathrooms and null parking in Jonesboro GA | Image 1
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$7,200,000

7234 Tara Blvd, Jonesboro, GA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $63,000
Days Active 5
Approx. Age 1972
MLS® Number 7628190

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Monterey Apartments at 7234 Tara Blvd presents a rare opportunity to acquire an entire 49-unit fee-simple townhome community in the heart of Jonesboro. Each unit features 2 bedrooms, 1.5 bathrooms, central HVAC, washer/dryer hookups, and four-sided white brick exteriors. Roofs were replaced between 2017 and 2018, offering immediate capital expense relief. Current cap rate 7.1%. Assumable loan option available at 6.5%. Situated in a quiet, tucked-away neighborhood, the property is still just minutes from I-75, offering easy access to downtown Atlanta, Hartsfield-Jackson International Airport, and major job centers. The surrounding area continues to benefit from strong workforce housing demand, with a population exceeding 150, 000 within a 5-mile radius, and average household incomes nearing $90, 000. The property is self-managed, high occupancy rate, and offers value-add upside through operational or rental enhancements. It’s ideal for investors seeking scale, stability, and long-term growth in one of metro Atlanta’s fastest-growing submarkets. Whether you're an owner-operator or institutional buyer, 7234 Tara Blvd represents a compelling opportunity to acquire a stabilized, income-producing asset with future upside.Show Description
MLS® Number7628190
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1972
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCeiling Fan(s), Central Air
Heating Fuel

Extras

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