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$547,500   Price Analysis
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294 E Main St
East Brookfield, MA 01515
4 bed 4 bath 3,534 SqFt ($154/SqFt)
4,600SqFt lot. Built 1900
Listed 2024-05-10, Taxes $3,275
USDA Eligible
near East Brookfield, MA
 Restrictions may apply
due to home size

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 prim 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.


Presented by Cliff & Cindy Leinonen Team at
Houseworks Realty.
Listing Agent Photo

Property MLS #73236201 from MLSPIN

Bedrooms: 4

Total Rooms: 14
Basement Description: Interior Entry, Concrete

Total Bathrooms: 3.5
Full Bathrooms: 3
1/2 Bathrooms: 1

Pantry
Living Room
Kitchen
Living RM/Dining RM Combo
Dining Room
Flooring: Carpet, Varies

Range
Refrigerator

Heating Features: Forced Air, Natural Gas
Heating: Yes

Waterfront
Beach Front
Lake
Lake/Pond
1/2 to 1 Mile To Beach

Covered Spaces: 1
Garage Spaces: 1
Open Parking: Yes
Parking Features: Off Street, Unpaved
Parking Total: 2

Patio And Porch Features: Deck
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved

Lot Description: Gentle Sloping
Lot Size Acres: 0.1056015
Lot Size Square Feet: 4600

View: Scenic View(s)

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 30300

Number of Units: 4

Community Features: Public Transportation, Walk/Jog Trails, Highway Access, Public School, Sidewalks

Annual Tax Amount: 3190
Tax Block: 130
Source Listing Status: Active
County: Worcester
Directions: Route 9 center of town.
Tax Year: 2024
Source Property Type: Residential Income
Exclusions: Tenants Belongings And Restaurant Fixtures Unless A Buyer Wants To Buy The Business.
Parcel Number: M:0042 B:0130 L:00360, 3246024
Postal Code Plus 4: 1623
Zoning: C
Property Subtype: 4 Family - 4 Units Up/Down
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$192,000 + $57,800
$249,800
$3,275
2022$191,000 + $57,800
$248,800
$3,366
2021$191,000 + $57,800
$248,800
$3,690
2020$180,300 + $57,800
$238,100
$3,529
2018$158,800 + $57,000
$215,800
$3,336
2017$148,200 + $52,800
$201,000
$3,272
2016$137,600 + $52,800
$190,400
$3,324
2015$137,600 + $52,800
$190,400
$3,305
2014$137,600 + $52,800
$190,400
$3,317
2006$173,600 + $52,500
$226,100
$2,130
2005$173,600 + $45,800
$219,400
$2,273
2004$148,500 + $38,000
$186,500
$2,592
2003$148,500 + $38,000
$186,500
$2,592

Listed 2024-05-10
$547,500
MLSPIN

Net Operating Income: 30300

Electric: Circuit Breakers, 100 Amp Service, Individually Metered
Sewer: Private Sewer
for Gas Range
Water Source: Public

Year Built: 1900
Building Area Total: 3534
Building Area Units: Square Feet
Foundation Details: Stone, Brick/Mortar
Property Age: 124
Roof: Shingle
Levels or Stories: 6
Year Built Details: Approximate
Year Built Source: Public Records

David Prouty High School is a public high school located approximately 3.9 miles away.
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East Brookfield Elementary School is a public elementary school located approximately 0.7 miles away.
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Knox Trail Junior High School is a public elementary and middle school located approximately 3.5 miles away.
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Appleseed Montessori School is a private elementary school located approximately 3.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.