7234 Tara BLVD new Save Request In-Person Tour Request Virtual Tour
Jonesboro,GA 30236
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Monterey Apartments
MLS Listing ID 7628190
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $63,000
Tax Year 2024
Lot Size 4.600 Acres
Acres 4.6
Property Sub-Type Other
Source First Multiple Listing Service
Property 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.
Location
State GA
County Clayton
Area Monterey Apartments
Lake Name None
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Hardwood,Tile
Window Features None
Exterior
Parking Features Parking Lot,Paved
Fence Back Yard
Community Features Near Beltline,Near Public Transport,Near Shopping
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View Y/N Yes
View Other
Roof Type Composition
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
Construction Status Resale
Schools
Elementary Schools Kilpatrick
Middle Schools Jonesboro
High Schools Jonesboro
Others
Senior Community no
Tax ID 13178A C001