Owner Finance Available
984 Waterloo Geneva Rd
Waterloo, NY 13165
🛏️
1
Bedrooms
🚿
1
Bathrooms
📏
240
Sq Ft
📅
1968
Year Built
Waterloo, NY 13165
1
Bedrooms
1
Bathrooms
240
Sq Ft
1968
Year Built
Unique Cabin Ownership Opportunity! Discover an exceptional chance to own a cabin on the serene Cayuga-Seneca Canal. This property features five individual cabins, with the seller actively working to establish an association/condo/coop-style ownership structure for future owners. Purchase will be subject to completion and approval of required bylaws and compliance with all town, state, and agency regulations. Each cabin is 240 sq ft and priced at $79,000 with an affordable ownership model. Example of owner financing: $3,950 down (5%), payable in cash or via trade-in of a car, truck, or RV (subject to seller approval). The balance could be financed through a Leasehold Mortgage at 6% over 30 years . $449.96/month plus a $350/month HOA, bringing total ownership costs to in the $800.00 month range for a second home. Enjoy 133 feet of shared water frontage, perfect for boating, fishing, or relaxing by the water. This is a low-maintenance, year-round retreat, not just a seasonal getaway. Vacation Rentals/AirBnB are allowed so you can rent your vacation home when you are not using it! A rare and affordable opportunity to secure your own canal front cabin with a flexible, efficient ownership structure once approvals are finalized.
Property Type
Condominium
Year Built
1968
HOA
None
Listed Price
$79,000
Free account - No credit card required
Owner financing means the seller of 984 Waterloo Geneva Rd acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Waterloo, NY is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Waterloo property.