4563 E Sierra Madre Avenue, Fresno, CA 93726

4563 & 4565 E Sierra Madre Avenue is a fully renovated, turn-key duplex directly across the street from California State University, Fresno, being offered as a stabilized 10-room investment opportunity. The seller has fully entitled and permitted the expansion that converts the property from its current 6-room configuration to a 10-room configuration via approved garage ADU plans. Plans, structural engineering, energy compliance documentation, and the building permit (B24-13708) all transfer with the property at no cost to the buyer. The buyer's only remaining step is approximately two months of construction at an estimated $120,000 hard cost.

At a $900,000 list price, the stabilized 10-room operation produces $93,600 in gross annual rent and an NOI of approximately $47,750 — a 5.31% cap rate on the purchase price (4.68% on the all-in basis inclusive of construction). On top of the stabilized income, the property carries Corridor/Center Mixed-Use (CMX) zoning on a 15,000 SF parcel — the City of Fresno removed the dwelling-unit density cap in mixed-use zones in 2022, meaning future buildable units on the lot are constrained only by physical envelope.