From U$S 108,190
cash price
From U$S 113,599 · average U$S 121,046
Ref. IRIS-1076-0
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Description
Studio apartment for sale in Palermo, Montevideo: 35.9 m² built, U$S 108,190 (U$S 3,014 per m²), 1 bathroom.
This is a high-quality collective housing option located in a central part of the city, which is undergoing a remarkable process of urban transformation. GR 1591 is a project born of collective intelligence and vast experience in housing and shared spaces. This residential complex blends harmoniously into a network of public spaces that includes plazas, recreational areas, playgrounds, as well as basketball and soccer courts, all culminating in the iconic Rambla.
About the neighborhood
The quiet town of Palermo borders the Rambla República Argentina boardwalk and coastal parks, which are popular for biking and walking at sunset. The pubs and steakhouse restaurants have outdoor seating, where patrons can watch street performances featuring Afro-Uruguayan candombe dance and percussion on weekends and especially during the February carnival.
Financing
- Payment Method
- Construction Payment Schedule: 10% down payment + 20% upon signing + 60% during construction + 10% upon occupancy.
- Payment terms: 10% down payment + 80% upon signing + 10% upon move-in.
Accepts bank financing
Details
Studio
Bathrooms
1
Built area
35.9 m²
- Delivery
- marzo 2027
- Floors
- 4
- Garages
- 0
- Promoted housing
- Yes
Estimated yield if you rent it out
6.7 %gross per year
The median rent for apartments studio in Palermo is $U 24,450 per month (13 listings). At $ 40.19 per dollar that is about U$S 7,301 a year.
This is a gross estimate: it does not deduct building fees, municipal tax, income tax or vacant months.
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What is the property for?
- Property price
- USD 108,190
- 100%
- Loan amount
- USD 86,552
- 80%
- Down payment
- USD 21,638
- 20%
BHU
SantanderBest option
ItaúEstimate based on the starting rates each bank publishes (updated automatically every month). The final payment includes insurance and fees and depends on the applicant's profile. Central Bank (BCU) rates as of 11/1/2026: USD $ 40.19 · UI $ 6.6850.
Location
Av. Gonzálo Ramírez 1591
Amenities
Garage Garden Playroom Grill Master Bike Rack Cowork Cokitchen