Apartment for Sale - Cordón DELREY PROPERTIES
$129,900
- 1Bathrooms
- 320 sq ftLiving area
About this home
SPACIOUS STUDIO APARTMENT. Uptown, a building designed for the lifestyle we love. Located right in the heart of Cordón Soho, a convenient neighborhood just 15 minutes from everywhere, nestled in an area known for its universities and vibrant cultural scene. A secure building, well-lit at all times, with ground-floor retail spaces and a stylish facade. We’ve designed a new development featuring modern, bright apartments, with spacious terraces where you can breathe easy in every unit. Features Studio, 1-bedroom, and 2-bedroom apartments, offering maximum comfort and spacious terraces. Airtight double-pane windows facing Rodó Street Waste sorting Pet Beauty Lockers Laundry Coworking space with terrace Wi-Fi in common areas High-quality finishes Outdoor grill area 2 fully equipped barbecue areas with terraces on the rooftop Fully equipped gym with a terrace Security cameras in common areas Entrance with biometric door Parking with optional electric vehicle chargers Bicycle rack Key project highlights: • Prime location: Right in the heart of Cordón Sur, ideal for both living and investing. • Variety of units: Studio apartments, 1-bedroom, and 2-bedroom units. • Prices: Studio apartments starting at USD 106,900 1-bedroom apartments starting at USD 138,900 2-bedroom apartments starting at USD 168,900 • Estimated completion: December 2026 • Promoted Housing Law: Tax benefits for buyers for 10 years. -Exempt from VAT on the purchase price. -Exempt from Wealth Tax for a period of 10 years. -Exemption from Property Transfer Tax (ITP) on the assessed value for initial buyers. -If the unit is rented out, no personal income tax (IRPF) or business income tax (IRAE or IRNR) is payable for a period of 10 years. • Ground-floor commercial spaces: Bring greater vitality and services to the building. Garage starting at USD 20,000. Occupancy fees: 4% Bank-financed payment schedule: 5% Reservation 10% Commitment 35% Progress payments 50% Occupancy (bank financing) *The commitment agreement is signed upon payment of 15% *ASK ABOUT BANK FINANCING UP TO 90%. Payment schedule for investor sales during construction: 10% Reservation 20% Commitment 60% Installments during construction 10% Move-in All units are 100% exempt from income tax and property tax for 10 years. .
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
- Heating
Outdoor & Recreation
- BBQ Area
Security
- 24/7 Security
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$129,900
