2-Bedroom Apartment for Sale WITH RENTAL INCOME, Barrio Sur AP4778072
$170,000
- 3Bedrooms
- 1Bathrooms
- 712 sq ftLiving area
About this home
2-bedroom apartment for sale with rental income. Spacious, comfortable rooms, generous terraces, and excellent build quality. Just 600 meters from the ocean, with only 29 units spread across 12 floors, including one-bedroom, one-and-a-half-bedroom, and two-bedroom units. The Barrio Sur residential area is one of the hubs of candombe, an Afro-Uruguayan drumming tradition featured in colorful carnival parades in February. Additionally, rehearsals take place on weekends around the Peatonal del Candombe. There’s a lively mix of casual steakhouse-style restaurants and modern bistros, as well as laid-back taverns and wine bars. The Rambla promenade is a popular spot for afternoon strolls along the Río de la Plata. Features: Elevator - Security - Ocean View - Garden - Multipurpose Room - Playroom - Barbecue Area - Security Cameras Expenses payable by the buyer: 1) Occupancy fees: 4% 2) Real estate agent’s commission: 3% + VAT, payable upon signing the purchase agreement. The project is carried out under Law 18,795 (Promoted Housing Law / Social Housing), and therefore offers: Exemption from the Property Transfer Tax (ITP) Exemption from IRAE/IRPF on rental income for 10 years. The images show the model unit. 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. ALVICOR PROPIEDADES REAL ESTATE AGENCY (00598) 26286400 (00598) 99000065 info@alvicorpropiedades.com ABU47459 AP4778072
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
Outdoor & Recreation
- Terrace
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$170,000
