BLK Real Estate

Great Investment Opportunity in Malvin

en Malvín

Ref: 346
3
2
101,00 m²
350,00 m²
10

U$S 440.000

Sale

Description

Charming Ground-Floor Apartment for Sale in the Heart of Malvín — With Unique Rental Potential.

Upon entering, you’ll find the living-dining area, which connects to the kitchen, the private hallway leading to the bedrooms, and the exclusive-use patio with barbecue.
The defined kitchen gives access to the guest toilet and the service bedroom.
In the private area, there are 3 bedrooms — primary, second, and third — all sharing a full bathroom.

Features:
• Service bedroom
• High-efficiency fireplace
• Air conditioning units
• Front garden and exclusive-use backyard patio with barbecue
• Closed garage with 10 exclusive parking spaces for this unit + ample storage box of 8m² (216m² total for parking + storage). Ideal for generating diversified income through the rental of individual parking spaces.

Currently everything is rented out with total monthly income of $2,440 (Yield 6.6%).
The 6.6% return is competitive for properties in Montevideo, where yields typically range between 5% and 7% annually, depending on the area and type of property.
The ability to diversify income through the rental of individual parking spaces is a significant advantage, as the demand for parking in urban areas like Malvín is high. Additionally, the garden, patio with barbecue grill, and storage space add value for both tenants and potential buyers.

Contact us for more information or to schedule a visit.