Skip to content

2-Bedroom Apartment for Sale with Option to Buy and Rent in Maldonado, Downtown

San Carlos, entre las calles Treinta y Tres y Arturo Santana., Maldonado, Maldonado, Uruguay

$166,000

For Sale
  • 3Bedrooms
  • 1Bathrooms
  • 580 sq ftLiving area
  • 623 sq ftLot area
  • 1Parking spaces

About this home

TENERIFE II | UNIT | 2 BEDROOMS | DOWNTOWN MALDONADO BUY WITH CASH AND RECEIVE A MONTHLY INCOME DURING CONSTRUCTION Special cash purchase promotion! Invest in your apartment today and start receiving a monthly income before it’s even finished. Discover a 2-bedroom apartment with a private terrace, a private parking space included, and fully equipped, located right in the heart of Maldonado. Images from previous projects are for illustrative purposes only. Construction is already underway, with delivery scheduled for October 2027. EXCLUSIVE CASH PURCHASE PROMOTION By paying 100% of the price upon signing the purchase agreement, you’ll receive two special benefits: 1. RECEIVE A MONTHLY INCOME DURING CONSTRUCTION The construction company pays you a promotional monthly income starting the month after you sign the purchase agreement and continuing until the building is actually delivered. The purchase agreement is signed approximately 30 to 45 days after the reservation deposit is paid. What does this benefit mean? You start receiving money while your apartment is being built. You don’t need to rent out the property or look for tenants. The monthly income is paid directly by the construction company. This benefit continues until the building is actually handed over. Ask us about the monthly amount corresponding to your unit 2. SAVE 2.5% ON OCCUPANCY FEES With a cash purchase, you also receive a full exemption from the 2.5% occupancy fee. This way, in addition to the monthly income during construction, you avoid this expense when you receive your apartment. IMPORTANT: Both benefits apply exclusively to payment of 100% of the price upon signing the purchase agreement, subject to the commercial terms of the development. UNIT FEATURES 2 bedrooms and 1 full bathroom. Living-dining room with open-concept kitchen. Built-up area: 57 m². Private terrace of approximately 4 m². Individual Type B (2) parking space included. A functional layout, ideal for both permanent residence and investment. APARTMENT DELIVERED FULLY FURNISHED The unit is delivered fully furnished to facilitate immediate occupancy or subsequent rental. Climate Control and Comfort Air conditioning in both bedrooms and the living-dining room. Double-glazed, airtight windows (DVH). Blackout curtains in the bedrooms. Screen curtains in the living-dining room. Fully Equipped Kitchen Kitchen with electric oven. Range hood. Refrigerator. Microwave oven. Base and wall cabinets. Bathroom, laundry room, and other amenities Washing machine. Water heater. Bathroom vanity. Bathroom exhaust fan. Closets in the bedrooms. Full lighting in all rooms. BUILDING AMENITIES Tenerife II will feature: Elevator. Two communal barbecue grills on the rooftop. Video surveillance cameras. Individual parking space for each apartment. Estimated future common area fees: $5,000 per month. These include water, Wi-Fi, video surveillance, and maintenance of common areas. The estimated future common area fees are not deducted from the promotional income paid by the developer during construction. EXPECTED DELIVERY: OCTOBER 2027 Purchase a fully equipped 2-bedroom apartment in the heart of Maldonado, with a parking space included. OTHER PURCHASE AND FINANCING OPTIONS In addition to the special cash purchase promotion, there are other options for purchasing the unit. 1. Traditional payment plan during construction A 30% down payment is due upon signing the purchase agreement, with the balance financed in installments during construction, according to the agreed-upon payment plan. 2. Bank Financing Mortgage financing available for up to 25 years, with monthly payments starting at approximately $27,000. Subject to credit approval. The payment amount is for informational purposes only. 3. Private Financing Financing is available with a 60% down payment and a loan for the remaining balance at an annual interest rate of 8%. Subject to availability and approval. Important: The promotion offering a reduced monthly payment during construction and the waiver of the 2.5% occupancy fee do not apply to these alternative financing options. Contact us for more information, to learn about the terms and conditions, and to schedule a visit. Exclusive promotion for cash purchases, with 100% paid upon signing the purchase agreement. Subject to the agreed-upon terms. The promotional monthly payment is due starting the month after the purchase agreement is signed until the building is actually delivered. Delivery is scheduled for October 2027. Estimated common area fees, subject to change. Financing is subject to terms, availability, and approval. -

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

Indoor & Comfort

  • Furnished
  • Heating

Outdoor & Recreation

  • BBQ Area

Nearby Essentials

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

$166,000

Concierge