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Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
INVESTMENT PROPERTIES: (Note 3)    
Land $ 2,794,122 $ 2,794,122
Buildings 4,017,412 4,017,412
Accumulated depreciation (3,958,413) (3,897,848)
Net investment properties 2,853,121 2,913,686
OTHER ASSETS:    
Cash 127,666 39,221
Cash held in Indemnification Trust (Note 7 ) 479,436 475,574
Security deposits escrow 64,348 69,464
Rents and other receivables 238,417 678,323
Deferred tenant award proceeds escrow 31,413 42,343
Prepaid insurance 1,993 4,982
Deferred charges, net 185,011 198,809
Total other assets 1,128,284 1,508,716
Total assets 3,981,405 4,422,402
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 9,851 30,301
Due to General Partner (Note 5) 787 1,345
Deferred rent 23,596 23,596
Security deposits 64,340 69,340
Total current liabilities 98,574 124,582
LONG TERM LIABILITIES:    
Deferred rent 5,667 16,640
Total long term liabilities 5,667 16,640
CONTINGENCIES AND COMMITMENTS (Notes 6 and 7)
General Partner -    
Cumulative net income (retained earnings) 378,772 376,804
Cumulative cash distributions (156,832) (156,045)
Total general partners' capital 221,940 220,759
Limited Partners (46,280.3 interests outstanding at June 30, 2020 and December 31, 2019)    
Capital contributions 46,280,300 46,280,300
Offering Costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 43,864,253 43,669,450
Cumulative cash distributions (78,727,268) (78,127,268)
Total limited partners' capital 4,495,453 4,900,650
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 3,877,164 4,281,180
Total liabilities and partners' capital $ 3,981,405 $ 4,422,402