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Statement of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Rental Income $ 330,637 $ 282,779 $ 921,491 $ 848,566
Expenses:        
LLC Administration – Affiliates 51,316 51,408 157,856 160,759
LLC Administration and Property Management – Unrelated Parties 6,113 7,156 30,444 28,411
Property Acquisition 30,009 0 58,870 0
Depreciation and Amortization 121,632 102,566 332,567 307,698
Total Expenses 209,070 161,130 579,737 496,868
Operating Income 121,567 121,649 341,754 351,698
Other Income:        
Interest Income 25,535 24,473 77,226 73,775
Income from Continuing Operations 147,102 146,122 418,980 425,473
Income from Discontinued Operations 178,281 61,989 1,066,772 185,805
Net Income 325,383 208,111 1,485,752 611,278
Net Income Allocated:        
Managing Members 12,755 6,243 38,506 18,338
Limited Members 312,628 201,868 1,447,246 592,940
Total $ 325,383 $ 208,111 $ 1,485,752 $ 611,278
Income per LLC Unit:        
Continuing Operations (in Dollars per Item) 5.84 5.80 16.64 16.89
Discontinued Operations (in Dollars per Item) 6.96 2.46 42.63 7.38
Total (in Dollars per Item) 12.80 8.26 59.27 24.27
Weighted Average Units Outstanding – Basic and Diluted (in Shares) 24,417 24,430 24,417 24,430