Studio Apartment for Sale on Rambla O’Higgins, Montevideo
$150,000
- 1Bedrooms
- 1Bathrooms
- 301 sq ftLiving area
- 614 sq ftLot area
About this home
I discovered this modern studio apartment with a private patio—an excellent opportunity to live or invest in Torre Arenas, a development located on the corner of Rambla O’Higgins and 18 de Diciembre, in one of Montevideo’s most sought-after neighborhoods. The unit stands out for its functional and contemporary design, offering a spacious, open-concept layout that combines the living room, dining area, and kitchen into a comfortable and bright space. Thanks to its large windows, the apartment opens directly onto a garden, ideal for enjoying the outdoors. The full bathroom features modern finishes and high-quality materials, while the kitchen incorporates a practical design tailored for everyday use. It is an excellent option for both first-time homebuyers and investors, as the unit is sold with a lease in place, generating income from day one. About Torre Arenas Torre Arenas is a modern residential complex consisting of four towers, designed to offer a living experience characterized by comfort, quality, and excellent amenities. Its strategic location provides quick access to La Rambla, green spaces, shopping centers, restaurants, services, and excellent connectivity throughout the city. The project offers more than 1,700 m² of amenities, including: Rooftop pools with panoramic views. Jacuzzis. Gym and fitness area. Solarium. Barbecue areas. Event rooms. Laundry facilities. Spacious common areas to enjoy with family or friends. Optional parking spaces starting at USD 30,000. Price includes VAT. Payment Terms and Financing - 10% down payment. - 40% upon signing the purchase agreement and move-in, 30 days after the down payment. - 50% balance due after move-in, financeable in up to 240 monthly installments. Financing subject to credit approval. The balance is financed in Indexed Units, with an annual interest rate of 6.6%. Expenses 4% of the price upon move-in, covering utility connections, finishing work, survey plan, and co-ownership regulations. An excellent option for both owner-occupied housing and investment, combining a prime location on the Rambla, amenities, a variety of unit types, and post-occupancy financing. Vizcaya Real Estate Contact us for pricing, availability, unit types, parking options, and financing terms. -
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
- Game Room
Security
- 24/7 Security
Lifestyle
- Pet Friendly
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$150,000
