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16 Rua Encosta Dos Magos B ,
1,415 Sqft, Triplex
AGENT'S REMARKS ABOUT 16 RUA ENCOSTA DOS MAGOS B
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 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. Canio, 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.
PROPERTY DETAILS
- Property Type: Triplex
- Approx Living Area: 1,415 SqFt
- Year Built: 2023
- Lot Size: 3,200 SqFt
- Stories: 3
- Flooring: Ceramic Tile, Marble, Wood
- Roof: Concrete
- Total Floors in Building: 3
- Construction: Concrete, Stucco
- Exterior Description: Garden, Outdoor Kitchen, Private Rooftop Terrace, Balcony
- Cooling System: Central Air, Ceiling Fan(s)
- Heating: Zoned
- Utility Information: Cable Connected, Natural Gas Available, None, Water Not Available
- Pets Allowed: No
- County: Other
- Area: 5990 - International
- Age Restricted: No
- Annual Property Taxes: $517
MAP LOCATION FOR 16 RUA ENCOSTA DOS MAGOS B ,
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Listing courtesy of LoKation 05.17.2026