2-Bedroom Apartment for Sale, Palermo

About this home

2-Bedroom Apartment for Sale, Ideal for Investors, in Palermo, Montevideo.  ATTENTION INVESTORS! FOR SALE WITH A RENTAL INCOME OF $27,500, TWO-YEAR LEASE STARTING NOVEMBER 15, 2025, GUARANTEED BY PORTO Edimboro Magellan Building. Very central location on Magallanes Street between Canelones and Maldonado. 5th floor.  Area with good amenities and transportation.  The unit includes a 1m² storage unit.  Living/dining room with open kitchen and terrace.  2 bedrooms. Kitchen-dining area with breakfast bar, base cabinets, and countertop. Washing machine hookup. Full bathroom. The building has a communal barbecue area with a grill and a sun deck.  Common expenses vary; the $6,200 includes $677 for the reserve fund. Approximate annual property tax: $15,000. Approximate annual primary tax: $5,700. Bimonthly property taxes: $1,500  Real estate commission: 3% plus VAT AAP7125218 - Abate Propiedades - We manage your rental guarantee. We are insurance brokers for SURA, PORTO, SANCOR, ZURICH SANTANDER, and MAPFRE .