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

• SubdivisionMonterey Apartments 49 units
• Zip Code30236
• CityJonesboro
• CountyClayton - GA

Schools

• ElementaryKilpatrick
• JuniorJonesboro
• HighJonesboro

MLS Data

• StatusActive
• MLS #7628190
• TypeResidential Income
• SpecialInvestor Owned

Exterior Details

• ConstructionBrick 4 Sides
• Built In1972
• StoriesArray
• ParkingParking Lot, Paved
• ServicesNear Beltline, Near Public Transport, Near Shopping
• UtilitiesCable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• SewerPublic Sewer
• Lot DescriptionLevel
• Lot Dimensionsx 50
• Acres4.6

Listing Provided Courtesy Of: OneDoor Inc. 404-220-7797