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Statement of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Rental Income $ 294,898 $ 313,659 $ 884,694 $ 813,070
Expenses:        
Partnership Administration – Affiliates 52,025 57,078 165,505 165,388
Partnership Administration and Property Management – Unrelated Parties 7,668 11,194 35,486 43,877
Property Acquisition 0 30,653 0 56,473
Depreciation and Amortization 113,275 120,510 339,825 303,500
Total Expenses 172,968 219,435 540,816 569,238
Operating Income 121,930 94,224 343,878 243,832
Other Income:        
Income from Equity Method Investment 0 258,367 0 258,367
Interest Income 2,543 2,097 8,337 9,449
Total Other Income 2,543 260,464 8,337 267,816
Income from Continuing Operations 124,473 354,688 352,215 511,648
Income from Discontinued Operations 0 99,528 0 635,587
Net Income 124,473 454,216 352,215 1,147,235
Net Income Allocated:        
General Partners 1,245 4,542 3,522 11,472
Limited Partners $ 123,228 $ 449,674 $ 348,693 $ 1,135,763
Income per Limited Partnership Unit:        
Continuing Operations (in Dollars per share) $ 5.95 $ 15.50 $ 16.54 $ 22.36
Discontinued Operations (in Dollars per share) 0.00 4.35 0.00 27.78
Total – Basic and Diluted (in Dollars per share) $ 5.95 $ 19.85 $ 16.54 $ 50.14
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 20,710 22,653 21,083 22,653