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Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
INVESTMENT PROPERTIES: (Note 3)    
Land $ 2,794,122 $ 2,794,122
Buildings 4,468,642 4,468,642
Accumulated depreciation (3,836,752) (3,802,913)
Net investment properties 3,426,012 3,459,851
OTHER ASSETS:    
Cash 786,322 246,791
Cash held in Indemnification Trust (Note 9) 453,687 453,171
Property tax cash escrow 6,706 3,931
Security deposits escrow 70,749 70,617
Rents and other receivables 0 549,289
Deferred tenant award proceeds escrow 123,098 126,523
Prepaid insurance 3,419 4,885
Deferred charges, net 126,249 133,014
Note receivable (Note 10) 41,942 57,157
Total other assets 1,612,172 1,645,378
Total assets 5,038,184 5,105,229
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 39,100 13,353
Property tax payable 5,781 3,006
Due to General Partner (Note 6) 1,536 1,416
Deferred rent 122,537 128,024
Security deposits 70,440 70,440
Unearned rental income 5,000 5,000
Total current liabilities 244,394 221,239
General Partner -    
Cumulative net income (retained earnings) 351,227 350,928
Cumulative cash distributions (145,812) (145,692)
Total general partners' capital 205,415 205,236
Limited Partners (46,280.3 interests outstanding at March 31, 2016 and December 31, 2015)    
Capital contributions 46,280,300 46,280,300
Offering Costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 41,137,404 41,107,783
Cumulative cash distributions (75,067,268) (74,947,268)
Total limited partners' capital 5,428,604 5,518,983
Former General Partner -    
Cumulative net income (retained earnings) 707,513 707,513
Cumulative cash distributions (1,547,742) (1,547,742)
Total former general partners' capital (840,229) (840,229)
Total partners' capital 4,793,790 4,883,990
Total liabilities and partners' capital $ 5,038,184 $ 5,105,229