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Condensed Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUES:        
Rental income (Note 5) $ 281,025 $ 275,573 $ 536,550 $ 534,877
TOTAL OPERATING REVENUES 281,025 275,573 536,550 534,877
OPERATING EXPENSES        
Partnership management fees (Note 6) 63,420 61,352 125,504 122,041
Restoration fees (Note 6) 0 124 40 249
Insurance 1,473 1,641 2,946 3,282
General and administrative 27,860 14,763 54,497 39,665
Advisory Board fees and expenses 2,625 2,625 5,250 5,250
Professional services 80,752 47,908 137,298 141,968
Depreciation 37,526 37,526 75,053 75,052
Amortization 7,200 7,263 14,400 14,494
TOTAL OPERATING EXPENSES 220,856 173,202 414,988 402,001
OTHER INCOME        
Interest income 472 671 766 1,337
Note receivable interest income (Note 11) 4,444 4,871 8,998 9,845
Recovery of amounts previously written off (Note 2) 0 3,107 1,000 6,214
Other income 1,061 61 1,541 140
TOTAL OTHER INCOME 5,977 8,710 12,305 17,536
INCOME FROM CONTINUING OPERATIONS 66,146 111,081 133,867 150,412
LOSS FROM DISCONTINUED OPERATIONS (Note 1 and 3) (9,519) (536,505) (22,921) (512,681)
NET INCOME (LOSS) 56,627 (425,424) 110,946 (362,269)
NET INCOME- GENERAL PARTNER 566 (4,254) 1,110 (3,623)
NET INCOME- LIMITED PARTNERS 56,061 (421,170) 109,836 (358,646)
NET INCOME (LOSS) $ 56,627 $ (425,424) $ 110,946 $ (362,269)
PER LIMITED PARTNERSHIP INTEREST, Based on 46,280.3 interests outstanding:        
INCOME FROM CONTINUING OPERATIONS 1.41 2.38 2.86 3.22
LOSS FROM DISCONTINUED OPERATIONS (0.20) (11.48) (0.49) (10.97)
NET INCOME (LOSS) PER LIMITED PARTNERSHIP INTEREST 1.21 (9.10) 2.37 (7.75)