1-Bedroom Apartment for Rent, Palermo ABU49347AP11930024
$730/ month≈ UYU 29,400
- 2Bedrooms
- 1Bathrooms
- 450 sq ftLiving area
About this home
Located in Palermo, between Canelones and Maldonado, the city’s Soho is establishing itself as the trendiest neighborhood. Just steps from the waterfront promenade, in the heart of the university district, with excellent transport connections and services. The development offers studio apartments and units with 1, 2, and 3 bedrooms for sale. Designed across 10 floors, with 10 apartments per floor. All apartments have terraces. Thoughtfully designed, with a purpose expressed in every aspect of its surroundings. Its colorful, cheerful, vibrant architecture lets in the fresh air. Amenities: - Laundry - Panoramic terrace - Barbecue area - Multipurpose room - Gym - Co-Work Apartments available for occupancy in December 2025 Occupancy and connections 4% Send us an inquiry or schedule a property viewing. We’re here to help you make the best decision. Follow us on social media to be the first to hear about new launches and exclusive promotions!! The development is being carried out under Law 18.795 (the law promoting social-interest housing) and therefore qualifies for: - Exemption from ITP - Exemption from IRAE/IRPF on rental income for 10 years - Exemption from IP for 10 years The information contained in this document was provided by the property owner. Alvicor Propiedades accepts no responsibility for any change, discrepancy, or modification to this document. Real estate fees for a purchase or sale: 3% + VAT, payable upon signing the commitment. Real estate fees for a rental: 1 month’s rent + VAT, payable upon signing the contract. The fees are paid upon signing the commitment or purchase agreement. ALVICOR PROPIEDADES Affiliated with the Asociación de Inmobiliarias del Uruguay (ADIU) National Registry of Real Estate Operators No. 1289 ABU49347 AP11930024
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
Outdoor & Recreation
- BBQ Area
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$730/ month
