Jonesboro, GA 30236,7234 Tara BLVD
Jonesboro, GA 30236,7234 Tara BLVD
Jonesboro, GA 30236,7234 Tara BLVD
Jonesboro, GA 30236,7234 Tara BLVD
Jonesboro, GA 30236,7234 Tara BLVD
Jonesboro, GA 30236,7234 Tara BLVD
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$ 7,200,000
Est. payment | /mo

4.6 Acres Lot


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$ 7,200,000
Est. payment | /mo
Save

4.6 Acres Lot

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

First Multiple Listing Service(FMLS)
Listed by OneDoor Inc.
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7234 Tara BLVD