CASA YACUMENZA

Casa Yacumenza is a fully operational mixed-use investment property in Palermo, one of Montevideo’s most characterful and vibrant neighborhoods. Located just 200 metres from the sea and within walking distance of the city centre, the building combines historic architecture and modernized interiors.

The property includes four ready-to-rent apartments and one commercial unit, creating a diversified asset with multiple income streams. Its residential mix appeals to a broad range of guests and tenants, with a functional ground-floor studio, a bright one-bedroom apartment with separate living space, a renovated two-bedroom apartment suited for families or longer stays, and a top-floor penthouse featuring a private rooftop terrace with city and sea views.

Shared amenities include a fully equipped laundry room with industrial-size washing machines and dryers.

Highlights - Historic 1924 building with modernized units - 4 apartments + 1 commercial unit - Penthouse with private terrace and sea views - Fully operational and ready-to-rent asset - Contactless check-in and high-speed WiFi infrastructure - Strong appeal for short and medium-term rentals - Prime Palermo location, 200 metres from the sea - Diversified unit mix targeting multiple guest profiles

Surrounded by tree-lined streets, cafés, boutiques, embassies, universities, and cultural landmarks such as Mercado Ferrando and the Rambla, Casa Yacumenza offers an authentic urban lifestyle with consistent rental demand throughout the year. The property is also just 30 minutes from the international airport.

Uruguay continues to stand out as one of Latin America’s most stable and transparent real estate markets, supported by international demand, tourism growth, and an attractive fiscal framework. Within this context, Casa Yacumenza represents a rare opportunity to acquire a historic, income-ready asset in one of Montevideo’s most dynamic coastal neighborhoods.[IW]