Apartment for Sale - Cordón DELREY PROPIEDADES
$198,400
- 1Bedrooms
- 1Bathrooms
- 481 sq ftLiving area
About this home
Montevideo Now Has Its Own SOHO! Located between Palermo and Cordón, Montevideo’s SOHO is establishing itself as the city’s trendiest neighborhood, sought after by young people. A vibrant district where urban culture thrives. Just steps from the Rambla, right in the heart of the university district with excellent transportation links and amenities. In the heart of the nightlife, surrounded by bars and shops. Cozy apartment with a terrace! Living/dining room, 1 bedroom. Modern bathroom and kitchen. Ideal for enjoying life in Montevideo’s SOHO. An abandoned historic building is being transformed into a project that harmonizes with the vibe of this part of the city. We’re opening up the corner so the neighborhood can come in and share a cup of coffee. Behind the historic building, we’re also erecting a tower with terrace apartments. We’ve renovated 12 lofts with their high ceilings, pinotea wood floors, and exposed brick walls. AMENITIES. - Coworking area - Panoramic rooftop - Gym - Barbecue areas - Luggage storage The project is being carried out under Law 18.795 (Law on the Promotion of Social Housing), which provides the following benefits: - Exemption from the ITP tax - Exemption from IRAE/IRPF on rental income for 10 years - Exemption from IP for 10 years Payment terms: 10% reservation deposit 20% commitment deposit 60% in installments during construction 10% upon move-in With a bank: 5% reservation 10% commitment 35% in installments during construction 50% through a bank Inquire about 90% financing through a bank Garage starting at U$S 19,500. Move-in fees: 4%. .
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
- Heating
Outdoor & Recreation
- Terrace
- BBQ Area
Building Services
- Elevator
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$198,400
