Home Listings New Homes Home Value Affordability Our Team About Market Report Reviews / Reseñas Contact WhatsApp
52 Photos
Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14 Photo 15 Photo 16 Photo 17 Photo 18 Photo 19 Photo 20 Photo 21 Photo 22 Photo 23 Photo 24 Photo 25 Photo 26 Photo 27 Photo 28 Photo 29 Photo 30 Photo 31 Photo 32 Photo 33 Photo 34 Photo 35 Photo 36 Photo 37 Photo 38 Photo 39 Photo 40 Photo 41 Photo 42 Photo 43 Photo 44 Photo 45 Photo 46 Photo 47 Photo 48 Photo 49 Photo 50 Photo 51 Photo 52
← Back to Listings
Active Triplex
$1,990,000
16 Rua Encosta Dos Magos # B, ,
0 Beds
Bedrooms
0 Baths
Bathrooms
1,415 sqft
Living Area
2023
Year Built

About This Property

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.

Property Details

Property Type Triplex
Days on Market 63 days
HOA Fee None
Parking — spaces
Pool No
Waterfront No
Community
Pets Allowed No, Yes
Comparable Sales
Analyzing recent sales in …
Share: f Facebook WhatsApp
D
Dayron Crespo
Broker Associate

Estimate Payment

Principal & Interest
Property Tax
HOA
Insurance
Est. Monthly
Get Pre-Approved

Calculate your full buying budget →

Schedule a Showing