1-Bedroom Apartment for Sale, Cordón AP8700764
$168,400
- 2Bedrooms
- 1Bathrooms
- 385 sq ftLiving area
About this home
Excellent location in the heart of Cordón, with a strong sense of Montevideo identity, neighborhood charm, history, and traditions. A university district surrounded by amenities. The building features 10 floors and 2 commercial spaces, with studio, 1-bedroom, and 2-bedroom units. Amenities: -Laundry room -Terraces -Pet grooming -Barbecue areas -Gym, -Co-working space Occupancy and connections: 4% Payment Methods Bank: 5% Reservation 10% Commitment 35% Installments During Construction 50% Move-in (bank financing) Construction Investor: 10% Reservation 20% Commitment 60% Installments During Construction 10% Upon Move-in Submit an inquiry or schedule a tour of the property—we’re here to help you make the best decision. Follow us on social media and be the first to hear about new launches and exclusive promotions!! The project is carried out under Law 18.795 (Law on the Promotion of Social Housing), which provides the following benefits: - Exemption from the ITP - Exemption from IRAE/IRPF on rental income for 10 years - Exemption from property tax (IP) for 10 years The information contained in this document has been provided by the property owner. Alvicor Propiedades is not responsible for any changes, discrepancies, or modifications to this document. Real estate commissions for purchase or sale: 3% + VAT, payable upon signing the purchase agreement. ALVICOR PROPIEDADES Member of the Uruguayan Real Estate Association (ADIU) National Registry of Real Estate Operators No. 1289 ABU52776 AP8700764
Buying in Uruguay as a foreigner
Yes, foreigners can buy property in Uruguay.
A purchase is normally formalized through a public deed, notarial involvement and registration with the Property Registry.
- Near coasts and borders
- Uruguay does not apply a nationwide restricted zone for foreign buyers equivalent to Mexico's coastal zone or border strips in other countries. This field is retained only to preserve the common schema.
- Residency
- Tax residency available for property investment of ~$380,000 USD (plus 60 days presence). Path to citizenship is clear.
- Taxes and closing costs
- They depend on the state, the municipality and the property itself, so there is no single national figure. Ask the agent or our Concierge for an estimate on this home.
- Financing
- Financing for foreign buyers depends on the lender, residency, income, financial history, currency, down payment and property type.
How buying works
Identification and funds
Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.
Title due diligence
The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.
Reservation or purchase agreement
Define price, currency, deposit, conditions, timelines and allocation of costs.
Deed and registration
Execute the public deed, pay applicable taxes and fees and register the document with the corresponding Property Registry.
This information is general and educational. Taxes, costs, documentation requirements and transaction-specific conditions should be verified with a notary, attorney, accountant, bank or competent authority. Research last reviewed July 2026.
Amenities
Indoor & Comfort
- Gym
- Laundry Room
Outdoor & Recreation
- Terrace
- BBQ Area
- Balcony
- Game Room
Security
- 24/7 Security
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$168,400
