Lovely 2-Bedroom Apartment in Montevideo

Wonderfully-Furnished 4th-Floor Unit in the
Historic Palacio Salvo Building: US$130,000

This lovely tax-free apartment is located in the historic Palacio Salvo building,
a Montevideo landmark. This condominium has two bedrooms and one bath, and is being sold
and is being sold furnished including beddings, television, electronics and appliances.

For more info on this building, and to see a VIDEO TOUR, go to:
PHOTO TOUR & DETAILS

The apartment is currently being utilized as a rental property. The property is
rented an average of 6 months per year. It contains most everyday items from towels
and bed sheets to TV and Home Theater.

NO TAXES

There are no federal or state taxes on this property due to the Iconic nature of
the building. The single exception is a municipal tax, which is less than US$ 20 per
month that pays for police and street lighting. There is also a HOA
(Home Owners Association) fee that pays for trash, water, common area maintenance,
elevators and facade. Also there is no transfer or sales taxes on this property.

RICH HISTORY

Palacio Salvo is the most recognized and most photographed building in Montevideo. The
cruise ships bus their guests to the plaza in front of Palacio Salvo to photograph the building.
Some of the most historic sites are located within walking distance of Palacio Salvo. Palacio Salvo
has a long history, originally built as a hotel in the 1920s at the height of Montevideo’s Economy
and Culture. Palacio Salvo is constructed on top of Confiteria Giralda, where the iconic
Tango “La Cumparsita” was written and first played. Confiteria (café) Giralda was a local hangout
for tango legend Carlos Gardel, although, he often frequented the "Fun Fun" bar just down the street.

The building is situated one block away from Tetra Solis, and numerous bars and restaurants.
The old city gate is also across Plaza Independencia where the mortal remains of the founder of
Uruguay General Artigas are located. La Rambla or the seaside pedestrian walkway is located
within 2 blocks. Recently the Condominium value has appreciated due to the new government
building across the plaza and will continue to increase in value with subsequent Old City revitalization.

Various Photos: