1-Bedroom Apartment for Sale with a Garden on Roosevelt

About this home

1-Bedroom Apartment in NOSTRUM ROOSEVELT – Ideal Investment Modern 1-bedroom apartment located in the Nostrum Roosevelt tower, on the renowned Franklin D. Roosevelt Avenue, one of the areas with the highest rental demand in Punta del Este, ideal for both annual and short-term rentals. The unit features a living/dining room with an open-concept kitchen, creating a functional and bright space, a bedroom with a walk-in closet, and a full bathroom, all with high-quality finishes and a contemporary design. It comes with pre-wiring for heat and cool air conditioning in the living room and bedroom, wood-look vinyl flooring, aluminum windows with built-in roller shades, and an electronic lock. The building offers a full range of amenities that enhance rental profitability and appeal: an outdoor pool with a sun deck, a barbecue area, a multipurpose room, a fully equipped gym, a playroom, and thoughtfully designed outdoor spaces, in addition to security and access control. Benefits Under the Promoted Housing Law (Law 18,795) This unit is covered under the Promoted Housing program, granting significant tax benefits to the investor: Exemption from Property Transfer Tax (ITP) on the first sale Exemption from Value-Added Tax (VAT) Exemption from Wealth Tax for up to 10 years Exemption from personal income tax (IRPF) or corporate income tax (IRAE) on rental income for up to 10 years Investment Opportunity An ideal option for those seeking security, profitability, and tax benefits in a modern, well-located building that is in high demand in the Punta del Este real estate market. Payment Terms: Cash: 90% upon signing the purchase agreement 10% upon delivery of the unit Construction Payment Schedule: 30% upon signing the purchase agreement  60% in installments during construction 10% upon delivery of the unit. Expenses 4% · Occupancy and utility connections Financing 3% Real estate commission  Bank financing not accepted -

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