7234 Tara Boulevard in Jonesboro, Georgia, offers investors the opportunity to acquire Monterey Apartments, a 49-unit, fee simple townhouse community along the highly trafficked Tara Boulevard corridor in an active South Metro Atlanta submarket. Each townhouse is approximately 1,150 square feet and includes two bedrooms, one-and-a-half bathrooms, central HVAC, washer/dryer hookups, and durable four-sided white brick construction. Roof replacements completed between 2017 and 2018 provide long-term maintenance coverage and reduce near-term capital expenditure needs. Currently self-managed, the community operates at a high occupancy rate with strong in-place cash flow. Operational inefficiencies present clear opportunities for value-add improvement through rent optimization, expense control, or the implementation of professional third-party management. A stable tenant base, bolstered by consistent regional demand for workforce housing, offers income reliability. The property also includes a 6.5% assumable loan option, creating a financing advantage for qualified buyers. Monterey Apartments benefits from its prime location within the Clayton County School District and proximity to a population of over 150,000 within a 5-mile radius, with average household incomes nearing $90,000. The property boasts seamless access to Interstate 75, is less than 15 minutes from Hartsfield-Jackson International Airport (ATL), and is surrounded by national retailers, medical centers, and major logistics hubs. Ongoing redevelopment of Southlake Mall, roughly 10 minutes away, is expected to enhance the area’s economic activity and housing demand. Private equity groups, family offices, regional investors, or operators would be well-suited for this property, as they seek a cash-flowing, value-add multifamily opportunity in a high-growth market. 7234 Tara Boulevard delivers immediate scale, solid income, and clear pathways to increased performance in the evolving Atlanta suburb market. Financials, rent rolls, and trailing 12-month statements are available upon request. Note: Most units are currently occupied. Please do not approach or disturb residents regarding the sale.