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Condensed Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES:        
Rental income (Note 3) $ 382,504 $ 320,578 $ 602,275 $ 525,673
TOTAL OPERATING REVENUES 382,504 320,578 602,275 525,673
EXPENSES:        
Partnership management fees (Note 5) 72,075 70,794 143,296 140,464
Insurance 1,452 1,466 2,947 2,931
General and administrative 15,425 6,440 47,476 19,143
Advisory Board fees and expenses 1,750 2,625 3,500 4,750
Professional services 32,845 52,758 137,964 148,651
Other Property Expenses (89)
Depreciation 30,282 30,282 60,564 60,565
Amortization 6,899 6,606 13,798 12,625
TOTAL OPERATING EXPENSES 160,728 170,971 409,545 389,040
OTHER INCOME        
Other miscellaneous income 5,000
Other interest income 3,921 140 4,041 5,657
TOTAL OTHER INCOME 3,921 140 4,041 10,657
NET INCOME 225,697 149,747 196,771 147,290
NET INCOME ALLOCATED - GENERAL PARTNER 2,257 1,497 1,968 1,473
NET INCOME ALLOCATED - LIMITED PARTNERS $ 223,440 $ 148,250 $ 194,803 $ 145,817
Based on 46,280.3 interests outstanding: (Basic and diluted)        
NET INCOME PER LIMITED PARTNERSHIP INTEREST $ 4.83 $ 3.2 $ 4.21 $ 3.15