Pablo de María area, Cordón. Apartment on the first floor with an elevator, in an 8-story building with two apartments per floor.
Features:
- Front-facing living-dining room with balcony.
- Front-facing kitchen.
- Laundry terrace.
- Daily dining room.
- Sitting room.
- Spacious hall.
- 2 bedrooms.
- 2 bathrooms.
- Main bedroom with en-suite bathroom.
- Large rear patio.
A property with a very good layout and outdoor spaces, with great potential once the necessary work is completed.
Estimated rent after renovations: approximately $28.000 to $30.000 per month.
Expenses and taxes:
- Common expenses: $6.000 to $8.000 per month.
- Primary School Tax: approximately $3.500 per year.
- Real estate tax: approximately $20.000 per year.
Apartment 2: Centro
Gutiérrez Ruiz and Durazno area. Interior apartment, accessed via a hallway.
Features:
- 2 bedrooms.
- Integrated kitchen-dining room.
- Bathroom.
- Terrace.
- Shared barbecue area.
It also requires some renovations and work to get it ready before it can be rented.
Estimated rent after renovations: approximately $18.000 to $20.000 per month.
Expenses and taxes:
- Common expenses: $2.000 per month.
- Primary School Tax: approximately $2.500 per year.
- Real estate tax: approximately $12.000 per year.
Investor potential:
Once the necessary renovations are completed, the estimated rent for both units could be approximately $46.000 to $50.000 per month, depending on the final condition of the properties, the finishes, and market conditions at the time of rental.
This represents potential annual rental income of approximately $552.000 to $600.000.
This is an interesting opportunity for anyone looking to acquire two properties in central areas of Montevideo, with rental income and appreciation potential.
Joint sale:
The two apartments are sold together. They are not sold separately.
Together, the properties have:
- 4 bedrooms.
- 3 bathrooms in total.
- Patio.
- Terraces.
- Balcony.
- Elevator in the Cordón apartment.
- Shared barbecue area in the second apartment.
Price: USD 200.000 for both apartments.
Concreto Inmobiliaria.
