Studio Apartment for Sale, Malvin AP5080782
$108,089
- 1Bedrooms
- 1Bathrooms
- 394 sq ftLiving area
About this home
Residential project located in the Malvín neighborhood, an area of the city known for its exceptional amenities and urban quality. Its location at the corner of Italia Avenue and Candelaria Street provides access to the best public transportation, urban amenities, and private services in the country. The towers, organized under a horizontal property regime, are built over 6 stories. The project will feature studio apartments as well as 1-, 2-, and 3-bedroom units. Strategically located in an area undergoing urban transformation, with significant construction, services, and commercial development in the eastern part of Montevideo, just twenty minutes from downtown. The project features an innovative “lock-off” system in the 3-bedroom units. This layout allows owners of the 3-bedroom apartments to convert them into two separate units—one 2-bedroom and the other a studio—enabling the owner to use the space they need and rent out the other unit to generate additional income. Amenities: -Double-height lobby with contemporary furnishings -Provision for a concierge desk -CCTV security -Magnetic card access control -Units with digital locks -Gym -Outdoor fitness equipment -Children’s play area -Outdoor pergola-covered barbecue areas -2 fully equipped common areas with barbecues and built-in kitchens -Co-working space -Pet Garden -Zen Garden Building ready for occupancy in April 2025 Occupancy and connections: 4% Submit an inquiry or schedule a property tour—we’re here to help you make the best decision. Follow us on social media and be the first to learn about new launches and exclusive promotions!! The project is being developed under Law 18.795 (Law on the Promotion of Social Housing) and therefore offers: - 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 preliminary agreement. Real estate commission for rentals: 1 month’s rent + VAT, payable upon signing the lease. Commission payments are made upon signing the purchase agreement or contract of sale. ALVICOR PROPIEDADES Member of the Uruguayan Real Estate Agents Association (ADIU) National Registry of Real Estate Operators No. 1289 ABU50197 AP6178958
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.
$108,089
