Studio Apartment for Sale with a Spacious Terrace - Cordón, Montevideo
$158,000
- 1Bedrooms
- 1Bathrooms
- 301 sq ftLiving area
- 646 sq ftLot area
About this home
Studio Apartment for Sale with a Spacious Terrace in Downtown Montevideo – Torre Alba | Scheduled for Delivery in December 2027 Studio apartment with a private terrace in Torre Alba, a development located on 18 de Julio Avenue, right in the heart of Montevideo, with excellent connectivity and proximity to services, schools, healthcare facilities, shops, and public transportation. The unit features a functional and well-designed layout, with a main living area that combines the living, dining, and relaxation zones, allowing for a comfortable and practical use of space. The open-concept kitchen is integrated into the living area and features a modern layout designed to optimize daily use and ensure smooth traffic flow within the apartment. One of the main features of this unit is its spacious private terrace, which opens directly onto the main living area. The outdoor space is perfect for setting up a table, chairs, and plants, or for creating a pleasant outdoor relaxation area. The apartment also features a full bathroom, rounding out a contemporary and functional design that is ideal for both owner-occupancy and investment. Amenities - Barbecue area. - Laundry room. - Coworking space. - Bicycle parking. - Accessibility. Estimated Delivery December 2027. Payment Terms - 10% upon signing the purchase agreement. - 20% upon commitment. - 50% during the construction period. - 20% upon delivery. Bank financing accepted. Expenses 3% for occupancy and utility connections. Real estate commission: 3% plus VAT. The project falls under the “Vivienda Promovida” housing program, with tax benefits subject to current regulations and the conditions applicable to each buyer and transaction. Torre Alba’s location on Av. 18 de Julio offers convenient access to various parts of Montevideo, with proximity to Plaza Seregni, the Tres Cruces Terminal, the University of the Republic, healthcare centers, and a wide variety of services. An excellent option for those seeking a studio apartment with a large private terrace, good transportation links, and amenities in a central location in Montevideo. Vizcaya Real Estate Contact us for more information, availability, and terms and conditions. Images are for reference only. -
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
- Laundry Room
Outdoor & Recreation
- Terrace
Building Services
- Elevator
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$158,000
