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16 Rua Encosta Dos Magos Unit B, Not Provided, Not Provided Not Provided

$1,590,000
: 1,415
SqFt

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List Price: $1,590,000
Price Change: ▼ $400,000 1789008810
MLS#: B26026997
Status: ACTIVE
County: Not Provided
City: Not Provided
Living Area: 1,415

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Property Description

Madeira's premier income-producing villa: legally ONE moradia (fração B) operated as 3 short-term suites — Crystal (56,728/yr), Amber (52,674/yr), Pearl (56,497/yr) with rooftop outdoor kitchen + 360° ocean views. 2025 actuals: 165,899 / $194,102 gross at ~94% occupancy; 120,262 / $140,706 NOI = 7.07% cap rate at list. Modern 2023 build, Class B energy. Each suite: 1 BR / 1 BA, fully furnished, kitchenette, private terrace; reversible interior partitions. Total 3 BR / 3.5 BA / 1,415 sqft. Registered Alojamento Local RNAL #160289. Caniço, 8 km east of Funchal. ONE moradia, ONE AL license — three suites via reversible partitions. Operating statement in Documents (Private). International property; FIRPTA may apply.

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Additional Information

Days on Market: 145
Year Built: 2023
Stories: 3
Cooling: Central Air, Ceiling Fan(s)
Heating: Zoned
Exterior Features: Balcony
Roof: Concrete, Tile