Investment Properties and Accumulated Depreciation

12 Months Ended

Dec. 31, 2014

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Investment Properties and Accumulated Depreciation

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP

SCHEDULE III – INVESTMENT PROPERTIES AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2014

																					Life on which
			Initial Cost to Partnership						Gross Amount at which Carried at End of Year												Depreciation in
Property	Encumbrances		Land		Building and Improvements		Costs Capitalized Subsequent to Acquisitions		Land		Building and Improvements		Total		Accumulated Depreciation		Date of Construction		Date Acquired		latest statement of operations is computed (years)
Santa Fe, NM		—		—		451,230		—		—		451,230		451,230		375,359		—		10/10/1988		31.5
Augusta, GA (1)		—		215,416		434,178		—		213,226		434,177		647,403		362,958		—		12/22/1988		31.5
Charleston, SC		—		273,619		323,162		—		273,619		323,162		596,781		270,152		—		12/22/1988		31.5
Aiken, SC		—		402,549		373,795		—		402,549		373,795		776,344		311,428		—		2/21/1989		31.5
Augusta, GA		—		332,154		396,659		—		332,154		396,659		728,813		330,477		—		2/21/1989		31.5
Mt. Pleasant, SC		—		286,060		294,878		—		252,069		294,878		546,947		245,678		—		2/21/1989		31.5
Charleston, SC		—		273,625		254,500		—		273,625		254,500		528,125		212,037		—		2/21/1989		31.5
Aiken, SC		—		178,521		455,229		—		178,521		455,229		633,750		379,274		—		3/14/1989		31.5
North Augusta, SC		—		250,859		409,297		—		250,859		409,297		660,156		328,131		—		12/29/1989		31.5
Martinez, GA		—		266,175		367,575		—		266,175		367,575		633,750		294,683		—		12/29/1989		31.5
Columbus, OH		—		351,325		708,141		—		351,325		708,140		1,059,465		557,380		—		6/1/1990		31.5
	$	0	$	2,830,303	$	4,468,644	$	0	$	2,794,122	$	4,468,642	$	7,262,764	$	3,667,557

(1) In the Fourth Quarter of 2001, a portion of the land was purchased from the Partnership by the County Commission for utility and maintenance easement.

DIVALL INSURED INCOME PROPERTIES 2 LIMITED PARTNERSHIP

SCHEDULE III – INVESTMENT PROPERTIES AND ACCUMULATED DEPRECIATION

DECEMBER 31, 2014

(B) Reconciliation of “Investment Properties and Accumulated Depreciation”:

	Year Ended			Year Ended			Year Ended			Year Ended
	December 31,			December 31,			December 31,			December 31,
Investment Properties	2014			2013		Accumulated Depreciation	2014			2013
Balance at beginning of year	$	7,984,817		$	7,984,817	Balance at beginning of year	$	3,984,986		$	3,834,881
Additions:						Additions charged to costs and expenses		143,008			150,105
Deletions:
Vacant- Des Moines, IA property sold		(722,052	)		0	Vacant- Des Moines, IA property sold		(460,437	)		0
Balance at end of year	$	7,262,765		$	7,984,817	Balance at end of year	$	3,667,557		$	3,984,986