7234 Tara Boulevard, Jonesboro, GA 30236

Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
7234 Tara Boulevard,Jonesboro, GA 30236
$7,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:claire shoener
Office:onedoor inc.
MLS#:7628190
Source:FIRSTMLS

Price summary

  • Price:$7,200,000

About this home

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

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Home facts

  • Year built:1972
  • Listing Id #:7628190
  • Updated:August 09, 2025 at 12:37 AM

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1972
  • Lot area:4.6 Acres

Schools

  • High school:Jonesboro
  • Middle school:Jonesboro
  • Elementary school:Kilpatrick

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$7,200,000
  • Tax amount:$63,000 (2024)
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