16 Rua Encosta Dos Magos, Unit 0
Property Description
Madeira's premier income-producing villa: legally ONE moradia (frao B) operated as 3 short-term suites - Crystal (56,728/yr), Amber (52,674/yr), Pearl (56,497/yr) with rooftop outdoor kitchen + 360 degrees 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. Canico, 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.
Broker Details
LoKation Real Estate (954) 545-5583
MLS ID: 276631570 State License Number: 3474750
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,590,000 |
| No. of Units: | 3 |
| Year Built: | 2023 |
| Lot Size: | 1,415.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $530,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 0 |
ID: 3yd-RMLSFL-B26026997
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