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 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.
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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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