For Sale in Pozo, 1-Bedroom Apartment - Cordón
$132,900
- 2Bedrooms
- 1Bathrooms
- 443 sq ftLiving area
About this home
A new development in Cordón, one of Montevideo’s most vibrant neighborhoods, known for its excellent connectivity, proximity to schools, services, and shopping areas, and sustained demand for both residential housing and real estate investment. MINAS consists of 18 studio apartments, 101 one-bedroom units, and 9 two-bedroom units, designed with efficient layouts, functional spaces, and high-quality finishes, tailored for both end-users and investors seeking high rental demand and appreciation potential. Located on Minas Street, between Guayabos and José Enrique Rodó, in a strategic location within the Cordón neighborhood. Project Features: A building comprising 128 units distributed across a 10-story tower, with 13 apartments per floor. The project has been designed to provide functionality, comfort, and an excellent residential experience, complemented by high-quality common areas befitting its scale. Features and Amenities: Common Area Barbecue Area Rooftop Outdoor social spaces Excellent construction quality and finishes Aluminum windows with roller shades Provision for washing machine installation Intercom system Three elevators with a capacity for 8 passengers Two multipurpose rooms on the 11th floor with a barbecue area Spacious terraces with landscaping Coworking space Solarium with pool Fully equipped gym Laundry room with app-controlled washer-dryers Security system and fire safety measures Includes: Oven, stove, air conditioning in bedroom and living room, water heater Prices: STUDIO APARTMENTS starting at USD 100,000 Common expenses: $2,700 - $3,100 Real estate commission: 3% + VAT (paid upon signing the purchase agreement) Estimated completion: April 2029 Subsidized Housing Apartments covered by the Subsidized Housing Law offer significant benefits to buyers Exemption from the Property Transfer Tax (2% of the assessed value) VAT exemption Exemption from wealth tax for 10 years Exemption of up to 100% of income tax on rental income for 10 years, depending on the property’s location Investing during the launch phase gives you access to special prices and exclusive terms, which will not be available once construction begins. In a market with many options, identifying a proposal with a solid foundation is key to maximizing your return. Take advantage of this opportunity! We look forward to hearing from you; we want to help you take the next step toward fulfilling your dream. RAZA PROPIEDADES We Are the Evolution of Real Estate RBU88456 AP8698961
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
- WiFi
Outdoor & Recreation
- Balcony
Nearby Essentials
Explore hospitals, schools, coworking spaces, and travel times in the neighborhood.
$132,900
