Studio Apartment for Sale with Private Rooftop Terrace - Cordón, Montevideo
$118,000
- 1Bedrooms
- 1Bathrooms
- 269 sq ftLiving area
- 398 sq ftLot area
About this home
Studio Apartment for Sale with Private Terrace in Downtown Montevideo – Torre Alba | Scheduled for Delivery in December 2027 Studio apartment 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 sleeping spaces, allowing for a comfortable and practical use of the space. The open-concept kitchen is integrated into the living area and complements a contemporary design suited for both owner-occupancy and investment. The apartment features a full bathroom and storage spaces, rounding out a compact and efficient layout. One of the standout features of this unit is its private rooftop terrace, providing additional outdoor space to enjoy the fresh air. 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. 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. Its location on Av. 18 de Julio provides 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 functional studio apartment with private outdoor space, in a central location with amenities. Vizcaya Real Estate Contact us for more information, availability, and terms. 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.
$118,000
