Opportunity: 2-Bedroom Apartment on Plaza Independencia

For Sale: 2-BEDROOM Apartment in Ciudad Vieja, Montevideo

Spacious apartment in a period building with a beautiful entrance that retains its original materials.
Excellent location on Plaza Independencia, in an area with a wide range of public transportation and services.

Rental yield: approx. 7.3%

LIVING/DINING ROOM measuring 3.65m x 3.56m, with pitch pine floors in very good condition.
Two spacious BEDROOMS measuring 3.35m x 3.47m and 3.56m x 3.47m, with pitch pine floors, high ceilings, and very good natural light from the light well. Being on the second-to-last floor, the apartment enjoys excellent natural light.
Separate KITCHEN with a beautiful view of the Bay of Montevideo, facing an unobstructed rear exposure. SERVICE ROOM or pantry with washing machine hookup. FULL BATHROOM, recently renovated.
Access to the ROOFTOP for hanging laundry. DOORMAN service during set hours.

Property tax (Contribución Inmobiliaria): $902 (UYU), payable in 3 installments. Primary education tax (Impuesto de Primaria): $1,500 (UYU) per year.

Common expenses (HOA fees): $6,190 (UYU). Reserve fund: $1,180 (UYU).

An excellent Airbnb investment opportunity thanks to its prime location facing Plaza Independencia, one of the most sought-after spots for tourists and business travelers in Montevideo.

With an estimated investment of USD 119,000, this apartment could generate gross income of USD 12,000 to USD 19,000 per year through short-term rentals, achieving an estimated net return of 7% to 12% per year. This represents a potential profit of USD 8,500 to USD 14,000 annually, in many cases exceeding the income from a traditional long-term rental.

Its strategic location, combined with its 2 bedrooms, makes it a highly attractive property for both domestic and international guests year-round.

Don't hesitate to contact us!