7234 Tara Boulevard, Jonesboro, GA 30236

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 … read more …