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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash & Equivalents $ 394,742 $ 537,223
Property Net 2,827,978 2,853,141
Uncollected rental revenue 123,389 159,428
Prepaid Advertising 38,760 5,514
Other Assets 26,046 26,045
TOTAL 3,410,915 3,581,351
LIABILITIES:    
Distribution due to Partners 193,769 193,769
Incentive Management Fee Liability 17,440 17,439
Property Management Fee Liability 10,375 10,208
Deferred Income 52,381 41,192
Accrued Expenses 30,221 38,287
Other Liabilities 43,827 147,440
Total Liabilities 348,013 448,335
PARTNERS' EQUITY:    
General Partners (108,771) (108,038)
Limited Partners 2,975,678 3,048,180
Total Partners' Equity 2,866,907 2,940,142
Noncontrolling interest in real estate joint venture 195,995 192,874
Total Equity 3,062,902 3,133,016
TOTAL $ 3,410,915 $ 3,581,351