I located a great 4 plex today. Price was just reduced to $490,000. The building has plush landscaping, with citrus trees. Pool, spa and one car garages. Each unit is a very large 1300+ square feet. Cap rate is 6 to 7%!!!! Built in 1985. This building has lots of charm and very upscale over the standard two bedroom two bath plain apartment building. Increase your earnings over your Bank CD's and savings accounts. Earn 6 to 7% rather than 1 to 2% on your money. Walking distance to restaurants and shops in Rancho Mirage, California.