T1 in Caniço de Baixo

SOLD

One bedroom apartment 
Location: Caniço de Baixo (Reis Magos), Madeira
Status: Renovated
Features: Fantastic location, magnificent view, renovated, Large living room, Terrace, Balcony, 2 elevators, indoor garage parking, 2 minutes walking distance to the beach and water sports, diving- school, restaurants, cafes, grocery store, car- rentals, ATM, and much more...
possible Airbnb with a minimum 12% ROI.
close to the highway entrance, 10 min drive from the city of Funchal and from the airport
.

Price:  179,000 Euros

A luxurious one-bedroom apartment near the beach, a short walk to many amenities with views of the ocean and Hotel Riu.

This is a one-bedroom apartment with a spacious living room, a full bathroom, a separate fully equipped kitchen, a terrace with access to the living room and kitchen, and a balcony connected to the bedroom.  There is also a parking space in the garage for one car and enough free spaces outside. The apartment is within walking minutes to the Ocean, the Reis Magos beach, water-sport school, restaurants, shops, ATM, Grocery store, and car rental. It is about 10-12 min drive from the airport and the center of the capital Funchal.

 

This apartment is an excellent home for you away from your home, but also a great investment opportunity. It is an ideal location for an Airbnb rental, with an estimated Return on Investment of 12%. It was previously licensed and booked as a holiday rental.

Property Features

  • 74 m² covered, plus garage and two verandas. 

  • T1

  • 1 Bathroom with a tub

  • 1 Veranda and 1 terrace

  • Indoor parking 

  • 2 Elevators

  • Energy efficiency rating:  C

  • Equipments

2 Elevators

Water heater

Gas & Electric Cooktop

Oven

Washing Machine

Refrigerator

  • Condition: Renovated

  • Floor: 1