313-315 E Cottage Avenue , Millersville, PA 17551

Property Description

Set on a generous 1.5-acre lot, this rare investment opportunity features two separate 2-bedroom single-family homes plus a professional level garage in the back of the lot that produces an additional income stream. The property offers exceptional flexibility, strong income potential, and long-term upside. Whether you choose to live in one home and rent the other or lease both, this is a true multi-stream income-producing asset in a high-demand rental corridor. Ideally located just minutes from Millersville University, the property benefits from consistently strong rental demand driven by students, university staff, and the surrounding workforce. Significant improvements have been completed throughout both homes and structures, including mechanical systems and basement waterproofing. Unit 313 is currently rented (lease includes detached 2 car garage behind it) and features hardwood floors, an enclosed front porch, rear deck, updated hot water heater and gas furnace, a dry-locked basement with Bilco access, and a detached two-car garage. Unit 315 offers updated interior finishes, hardwood floors, front and rear porch/patio spaces, new Bilco doors providing improved basement access and functionality, and plenty of off street parking. All of the improvements to the property help reduce future capital expense concerns for the buyer. A standout feature of the property is the upgraded income producing garage in the rear of the lot. The new structure is complete with a car lift and ample space for automotive work, equipment, or hobby/business use, adding versatility beyond traditional residential income. With two homes, two garages, and multiple income streams, this property offers a rare combination of land, location, and flexibility in a consistently strong rental market with enduring demand.

Property Features

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