1-Bedroom Apartment for Sale in Cordón
$137,500
- 2Bedrooms
- 1Bathrooms
- 364 sq ftLiving area
About this home
Rimet 1930, Investment Opportunity in the Heart of Cordón We present a standout project on Coronel Brandzen Street, just a short walk from 18 de Julio Avenue and Arenal Grande, across from key institutions such as the BHU, BPS, and DGI, and close to Udelar and the National Library. Located in the vibrant Cordón neighborhood, this development offers a unique combination of residential tranquility and proximity to vital commercial and cultural hubs. The project’s strategic location ensures excellent connectivity, with easy access to public transportation, restaurants, cafes, and a variety of entertainment options. This makes it an attractive option for both residents and investors seeking to maximize their return on investment. The planned building will have 13 floors and offer 3 apartments per floor, with 1- and 2-bedroom options. Currently in the pre-launch phase, construction is expected to begin in the first quarter of 2025. Under the direction of renowned architect Tanco Herrea, the project will offer modern units with high-quality finishes, designed to optimize space and functionality, creating welcoming and practical living environments. Key Features: Private balcony Elevator Maid’s quarters Suitable for professionals Pets allowed Wheelchair ramp Co-working space Rooftop amenities: enclosed barbecue area, outdoor barbecue area, terrace, and laundry area. Price: 1 Bedroom: USD 135,500 Garages: starting at USD 20,000 Expected Delivery: March 2027 Occupancy fees: 5%. Real estate brokerage fees: 3% + VAT. Tax Benefits: The project is being developed under Law 18,795 on Subsidized Housing, which entails: Exemption from Property Transfer Tax (ITP) Exemption from IRAE/IRPF on rental income for 10 years Exemption from Property Tax (IP) for 10 years Don’t miss out on this unique opportunity! We look forward to hearing from you and guiding you on the path to making your dream a reality. RAZA PROPIEDADES Your best partner in real estate development. RBU69075 AP8154897
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.
$137,500
