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Condensed Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
INVESTMENT PROPERTIES: (Note 3)    
Land $ 2,527,947 $ 2,794,122
Buildings 3,649,837 4,017,412
Accumulated depreciation (3,646,204) (3,985,582)
Net investment properties 2,531,580 2,825,952
OTHER ASSETS:    
Cash 234,208 72,244
Investments held in Indemnification Trust (Note 7) 480,024 479,805
Security deposits escrow 64,417 64,393
Rents and other receivables 131,840 665,415
Deferred tenant award proceeds escrow 18,290
Prepaid insurance 507 5,068
Deferred closing costs 36,064
Properties held for sale 266,175
Deferred charges, net 356,451 171,213
Total other assets 1,569,686 1,476,428
Total assets 4,101,266 4,302,380
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 98,531 16,047
Due to General Partner (Note 5) 1,151 718
Deferred rent 100,005 18,289
Security deposits 64,340 64,340
Total current liabilities 264,027 99,394
CONTINGENCIES AND COMMITMENTS (Notes 6 and 7)
General Partner -    
Cumulative net income (retained earnings) 390,419 384,051
Cumulative cash distributions (161,491) (158,944)
Total general partners’ capital 228,928 225,107
Limited Partners (46,280.3 interests outstanding at September 30, 2021 and December 31, 2020)    
Capital contributions 46,280,300 46,280,300
Offering costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 45,017,340 44,386,908
Cumulative cash distributions (79,927,268) (78,927,268)
Total limited partners’ capital 4,448,540 4,818,108
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 3,837,239 4,202,986
Total liabilities and partners’ capital $ 4,101,266 $ 4,302,380