Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Canceled

294 E Main St, East Brookfield MA 01515

$547,500

Estimated $1,154/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $136,875

Total Rent: 30300/year

Estimated CAP Rate:

4 Bedrooms

Baths

3534

Total Parking: 3 (1 Garage)

4,600 (0.11)

Currently operating as a restaurant with three units, this waterfront property on Lake Lashaway presents an exceptional opportunity. Featuring 3 apartments and 1 commercial space, this versatile property is ideal for investors or owner-occupants seeking mixed-use potential. Zoned commercially, it offers flexibility for various endeavors, including restaurant use (existing on the first floor), office space, or potentially retail, alongside the 3 residential units: two one-bedroom and one two-bedroom. Positioned for lakeside living intertwined with business possibilities, this property sits in a prime location. Lake Lashaway is a full recreational lake boasting a public boat ramp for fishing, jet skiing, kayaking, wakeboarding, and more. Offering a nontraditional opportunity to reside on the water while generating income, this property is sold as is, with the buyer assuming responsibility for the septic system. Given Title V failure, offers must be cash or rehab loan only.

This home has been viewed 57 times

Last Checked: October 7th, 2024 at 4:49pm (Source: MLS PIN #73236201)

Gross Income: $30,300

Gross Expenses: $3,190

Net Income Calc: $27,110

Water Views

Annual Expenses for 294 E Main St, East Brookfield MA 01515

Total Gross Expenses (Calculated)$3,190/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax3190

Annual Income & Unit Breakdown for 294 E Main St, East Brookfield MA 01515

Total Gross Income (Calculated)$30,300

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 294 E Main St, East Brookfield MA 01515

Listing ID73236201

Property TypeMulti Family / 4 Family

Price547500 ($154.92/SqFt)

Style4 Family - 4 Units Up/down

CityEast Brookfield

CountyWorcester

Neighborhood(s)

Approximate Living Area Total3534

Approximate Lot Size (Acres)0.11

Total Parking3 (1 Garage)

Garage Parking1

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPrivate Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningC

Water ViewsYes

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 294 E Main St, East Brookfield MA 01515

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsStaging And Personal Belongings

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)Lender Owned

Buyer Agent Compensation2

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 294 E Main St, East Brookfield MA 01515

Real Estate Taxes3190

Tax Year2024

Assessed Value$249,800

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 294 E Main St, East Brookfield MA 01515

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 294 E Main St, East Brookfield MA 01515

Agent

Name: Cliff Leinonen & Cindy Leinonen Team

Office

Name: Houseworks Realty

Phone: 508-867-0903

Payment Calculator

, Interest

Property Taxes 265.83

Principal & Interest 3373.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Houseworks Realty

Cliff Leinonen & Cindy Leinonen Team

Agent Phone

Office Phone

(508) 867-0903

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.11 acres (4,600 SqFt)
    [add_date] => 2024-05-11 10:47:55
    [address] => E Main St
    [agent] => Array
        (
            [address] => 
            [city] => 
            [id] => TEAM0227
            [name] => Cliff Leinonen & Cindy Leinonen Team
            [national_association] => 
            [office] => K95476
            [state] => 
            [zip] => 
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
            [0] => Range
        )

[approx_living_area_total] => 3534
    [approx_lot_size_acres] => 0.11
    [approx_lot_size_sqft] => 4600
    [assessed_value] => $249,800
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
            [0] => Landscaping
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 4
    [building_amenities] => Array
        (
            [0] => Beach Rights
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 4 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => East Brookfield
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
            [0] => Split
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Worcester
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Currently operating as a restaurant with three units, this waterfront property on Lake Lashaway presents an exceptional opportunity. Featuring 3 apartments and 1 commercial space, this versatile property is ideal for investors or owner-occupants seeking mixed-use potential. Zoned commercially, it offers flexibility for various endeavors, including restaurant use (existing on the first floor), office space, or potentially retail, alongside the 3 residential units: two one-bedroom and one two-bedroom. Positioned for lakeside living intertwined with business possibilities, this property sits in a prime location. Lake Lashaway is a full recreational lake boasting a public boat ramp for fishing, jet skiing, kayaking, wakeboarding, and more. Offering a nontraditional opportunity to reside on the water while generating income, this property is sold as is, with the buyer assuming responsibility for the septic system. Given Title V failure, offers must be cash or rehab loan only.
    [disclosures] => 
    [documents_available] => Array
        (
            [0] => Perc Test
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Staging And Personal Belongings
        )

[exterior_features] => Array
        (
            [0] => Porch
        )

[facilitator_compensation] => 0
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
            [0] => Estimated
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 1
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
            [0] => River
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-10-07 16:49:11
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73236201
    [neighborhoods] => 
    [net_income_calc] => 27110
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 4
    [office] => Array
        (
            [id] => K95476
            [name] => Houseworks Realty
            [phone] => 508-867-0903
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Not Allowed
        )

[phone] => 
    [pool_features] => Array
        (
            [0] => Association
        )

[price] => 547500
    [price_per_sqft] => 154.92
    [price_per_unit] => 136875
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 4 Family - 4 Units Up/down
        )

[real_estate_tax] => 3190
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => Heat
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 14
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Private Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
            [0] => Lender Owned
        )

[special_listing_conditions] => Array
        (
            [0] => Lender Owned
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Canceled
        )

[street_number] => 294
    [structure_type] => Array
        (
        )

[style] => Array
        (
            [0] => Colonial
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 1
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 1
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2024
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 3190
    [total_gross_income] => 30300
    [total_parking] => 3 (1 Garage)
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 1
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 1
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 1 Half
    [unit_4_bedrooms] => 0
    [unit_4_floor] => 1
    [unit_4_lease] => Array
        (
            [0] => N
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 294 E Main St, East Brookfield MA 01515
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => Yes
        )

[water_views_features] => Array
        (
            [0] => Bay
        )

[waterfront] => 
    [waterfront_features] => Array
        (
            [0] => River
        )

[raw] => 
)

EXIT

39 More Photos

Canceled

294 E Main St, East Brookfield MA 01515

$547,500

Annual Expenses for 294 E Main St, East Brookfield MA 01515

Annual Income & Unit Breakdown for 294 E Main St, East Brookfield MA 01515

General Information for 294 E Main St, East Brookfield MA 01515

Disclosures for 294 E Main St, East Brookfield MA 01515

Financial Information for 294 E Main St, East Brookfield MA 01515

Location Information for 294 E Main St, East Brookfield MA 01515

Contact Information for 294 E Main St, East Brookfield MA 01515

Agent

Office

Payment Calculator

Exclusive Listing Agent

Houseworks Realty

Cliff Leinonen & Cindy Leinonen Team