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.
