The property:
Located at Av. Gral. Rivera 2038, corner of Dr. Pablo de María, in an area with excellent connections and quick access to transport to different parts of Montevideo. It is close to schools, shops, supermarkets, pharmacies and multiple essential services.
The unit is on the first floor, accessed by stairs, in a building that is 80 years old and in good condition.
This comfortable apartment has 66 m² of built area and a 5 m² patio, with spacious rooms and a functional layout.
Layout:
- Generously sized living room with windows facing the building’s air shaft.
- Two spacious and functional bedrooms, both facing the street.
- Separate kitchen.
- Functional bathroom.
Features:
- Thermofusion plumbing.
- Updated electrical installation.
The apartment is currently rented, generating monthly rent of $29.800, equivalent to an approximate gross annual yield of 7,1%, calculated on the sale price of USD 126.000. It has a rental guarantee from the National General Accounting Office (CGN) and is occupied by tenants whose lease has expired and who have lived in the property for more than 15 years, with an excellent payment record.
It is an option for those looking to invest in a property that already generates income, with a favorable payment history and a strategic location in an area with high residential demand.
Expenses and taxes:
- Common expenses: $3.600 per month.
- Primary Education Tax: to be confirmed.
- Property tax: to be confirmed.
- Residential taxes: to be confirmed.
Terms:
- Sale price: USD 126.000.
- Mortgage financing accepted.
- Real estate fees: 3% + IVA on the sale price.
- Shared with all colleagues.
Arrange a viewing to see this property, which combines spacious rooms, a strategic location and an attractive yield. An opportunity to invest in Montevideo’s real estate market with income from day one.
