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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
INVESTMENT PROPERTIES: (Note 3)    
Land $ 1,944,934 $ 2,794,122
Buildings 2,843,881 4,017,412
Accumulated depreciation (2,843,881) (3,985,582)
Net investment properties 1,944,934 2,825,952
Properties held for sale 583,013
OTHER ASSETS:    
Cash and Cash equivalents 965,838 72,244
Investments held in Indemnification Trust (Note 8) 480,024 479,805
Security deposits escrow 59,425 64,393
Rents and other receivables 366,473 665,415
Deferred tenant award proceeds escrow 18,290
Deferred closing costs 16,067
Prepaid insurance 5,685 5,068
Deferred charges, net 314,825 171,213
Total other assets 2,208,337 1,476,428
Total assets 4,736,284 4,302,380
LIABILITIES:    
Accounts payable and accrued expenses 27,207 16,047
Due to General Partner (Note 5) 4,533 718
Deferred rent 18,289
Unearned rental income 73,891
Security deposits 59,340 64,340
Total liabilities 164,971 99,394
CONTINGENCIES AND COMMITMENTS (Notes 7 and 8)  
General Partner -    
Cumulative net income (retained earnings) 399,805 384,051
Cumulative cash distributions (166,024) (158,944)
Total general partners’ capital  233,781 225,107
Limited Partners (46,280.3 interests outstanding at December 31, 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) 45,946,561 44,386,908
Cumulative cash distributions (80,127,268) (78,927,268)
Total limited partners’ capital  5,177,761 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 4,571,313 4,202,986
Total liabilities and partners’ capital $ 4,736,284 $ 4,302,380