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Fully Renovated 2-Bedroom Apartment for Sale in Buceo

Avenida Santiago Rivas, Montevideo, Montevideo, Uruguay

$149,000

+ $1,600 / month HOA
For Sale
  • 3Bedrooms
  • 1Bathrooms
  • 484 sq ftLiving area

About this home

Two-Bedroom Apartment for Sale in Buceo An excellent opportunity in one of the most convenient and well-established areas of Buceo, in a quiet residential neighborhood with excellent access to Montevideo’s main destinations. The location stands out for its proximity to Av. Rivera, Av. Luis Alberto de Herrera, Bvar. José Batlle y Ordóñez, and Av. Ramón Anador, allowing quick access to both the city center and Pocitos, as well as to Malvín and Carrasco. It is also close to Montevideo Shopping, the World Trade Center, and the Rambla del Buceo, combining the neighborhood’s tranquility with a wide range of shopping, dining, and service options. The immediate vicinity features supermarkets, shops, schools, healthcare facilities, and excellent public transportation, with various bus lines connecting the neighborhood to different parts of the city. The Buceo Polyclinic, for example, is located right on Av. Santiago Rivas. The apartment has been completely renovated, offering a functional space that is ready to move into. It features two bedrooms and a beautiful kitchen that is partially open to the living-dining room, creating a modern and welcoming atmosphere. The unit has a generously sized terrace and a full bathroom. An ideal property for both personal use and investment, especially due to its strategic location within Buceo, in an area with high rental demand and steady appreciation. Common Expenses: $1,600 Property Tax: $9,000 annually Contact us!! Real Estate Commission: 3% plus VAT AAP9293740 - Abate Propiedades - We manage your rental guarantee. We are insurance brokers for SURA, PORTO, SBI, SANCOR, ZURICH SANTANDER, and MAPFRE .

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

  1. Identification and funds

    Prepare a valid passport or identification, powers of attorney where applicable and source-of-funds documentation.

  2. Title due diligence

    The notary reviews ownership, cadastral parcel, registry history, liens, debts, plans and the property's legal status.

  3. Reservation or purchase agreement

    Define price, currency, deposit, conditions, timelines and allocation of costs.

  4. 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

  • Balcony

Lifestyle

  • Pet Friendly

Nearby Essentials

Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.

$149,000

Concierge