Nicovale is a great investment opportunity as it is already producing rental income. The property is located in the city center of San Juan del Sur, making it easily accessible to all of the town's amenities and attractions. With 11 units, there is plenty of opportunity for rental income, with an average of $66,000 USD per year.

The gated community offers privacy and security, with a wall around the perimeter and 24/7 security. The homes are charmingly situated among the natural surroundings, with beautiful views of the bay from many of the units. The homes vary in size and layout, with options for 1-3 bedrooms and 1-2 bathrooms. Six of the units are equipped with air conditioning, while the others have fans but can easily be converted to include air conditioning.

Nicovale is accessed by all paved roads and is located just a 5-minute walk from the center of town. It is perched on the hills south of the bay, offering stunning views of the surrounding coastline. The property is equipped with two 2,500-liter water tanks for backup water storage, and all of the homes have outdoor patios and parking.

This is a great opportunity to invest in a rental property that is already generating income. With its central location and charming homes, Nicovale offers a unique and attractive investment opportunity in the vibrant town of San Juan del Sur.