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Condensed Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
INVESTMENT PROPERTIES: (Note 3)    
Land
Buildings
Accumulated depreciation
Net investment properties
Properties held for sale 725,765 725,765
OTHER ASSETS:    
Cash and cash equivalents 105,003 179,745
Investments held in Indemnification Trust (Note 7) 509,320 487,947
Security deposits escrow 17,551 17,356
Rents and other receivables 145,120
Prepaid state income tax 35,118 35,118
Deferred closing costs 33,058 31,291
Prepaid insurance 1,293 1,577
Deferred charges, net 85,638 89,906
Total other assets 786,981 988,060
Total assets 1,512,746 1,713,825
LIABILITIES:    
Accounts payable and accrued expenses 44,487 6,466
Due to General Partner (Note 5) 30,157 29,048
Accrued state income tax (Note 8) 204,872 204,872
Distributions payable (Note 8) 234,495
Security deposits 17,230 17,230
Total liabilities 296,746 492,111
CONTINGENCIES AND COMMITMENTS (Notes 6 and 7)
General Partner (1993-2023)    
Cumulative net income (retained earnings) 543,295 543,341
Cumulative cash distributions (233,575) (232,466)
Total general partners’ capital 309,720 310,875
Limited Partners (46,280.3 interests outstanding at March 31, 2024 and December 31, 2023)    
Capital contributions 46,280,300 46,280,300
Offering costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 60,152,030 60,156,589
Cumulative cash distributions (97,763,989) (97,763,989)
Total Limited Partners’ capital 1,746,509 1,751,068
Former General Partner (1987-1993)    
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 1,216,000 1,221,714
Total liabilities and partners’ capital $ 1,512,746 $ 1,713,825