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RENTAL PROPERTIES (Tables)
9 Months Ended
Sep. 30, 2023
RENTAL PROPERTIES  
Schedule of rental properties

    

September 30, 2023

    

December 31, 2022

    

Useful Life

 

Land, improvements and parking lots

$

98,563,951

$

87,405,897

15

-

40

years

Buildings and improvements

 

278,781,377

 

256,035,191

15

-

40

years

Kitchen cabinets

 

16,894,050

 

14,347,212

5

-

10

years

Carpets

 

13,984,498

 

12,047,573

5

-

10

years

Air conditioning

 

501,697

 

501,697

5

-

10

years

Laundry equipment

 

563,160

 

553,140

5

-

7

years

Elevators

 

1,885,265

 

1,885,265

20

-

40

years

Swimming pools

 

1,090,604

 

1,090,604

10

-

30

years

Equipment

 

20,951,525

 

18,716,758

5

-

30

years

Motor vehicles

 

232,954

 

171,519

5

years

Fences

 

77,620

 

46,872

5

-

15

years

Furniture and fixtures

 

9,953,085

 

7,902,182

5

-

7

years

Total fixed assets

 

443,479,786

 

400,703,910

Less: Accumulated depreciation

 

(171,180,209)

 

(159,627,479)

$

272,299,577

$

241,076,431