House for sale in Funchal, Portugal

Funchal
House • 4 room(s) • 4 bed. • 2 bath. • ref: 24408 - L092024408
$294,448
Buy a property that offers versatility Free yourself from any housing costs Live in or rent out one or both floors of the house. Renting just one of the floors is enough to cover your monthly costs and still have passive income. 2 independent floors Create 2 local dwellings: Lower floor T3 with capacity for 8 guests. 3 bedrooms (one with a walk-in closet) Living room Kitchen Guest toilet Shower room Covered patio Terrace with sea front Top floor T1 with capacity for 4 guests. Upper Floor (Under Renovation) Spacious master suite with sea views, created in the style of a deluxe hotel studio apartment with: Private bathroom Private kitchenette Private living and dining area (or with the possibility of making a walk-in closet with mini bar) Private patio Possibility of creating rooftop access at the top of this floor. To be able to start renting immediately, most of the house's contents are available at an additional cost. *Investment Opportunity *Expansion Potential Increase the height of the upper floor to create 2 more bedrooms, 1 bathroom and 1 balcony, allowing even more flexibility and income potential. The house would then have 6 bedrooms. Add an interior staircase between floors. Add an access staircase to the upstairs rooftop, for a 360º view of the sea / bay and mountains.

Spaces

Rooms4
Bedrooms4
Bathrooms2

Surfaces

Land1798 sq ft (167 m²)

Funchal

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Views and orientation extracted by AI.
Mountain view
Sea view
Energy efficiency rating
E