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Note 9 - Mortgage Notes Payable (Tables)
12 Months Ended
Jan. 31, 2014
Disclosure Text Block [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
   

2014

   

2013

 

Mortgage note payable, due in monthly installments of $32,419, including interest at the prime rate plus one percentage point over the index, with a floor of 5.0% per year, through August 1, 2022 plus a balloon payment of $4,112,498 in September 2022, secured by the Yuma property with a carrying value of $5.2 million at January 31, 2014.

  $ 5,355,051     $ 5,469,475  
                 

Mortgage note payable, due in monthly installments of $48,738, including interest at 8.0% per year, through May 1, 2016, secured by the Tucson Foothills property with a carrying value of $4.0 million at January 31, 2014.

    1,241,111       1,706,278  
                 

Mortgage note payable, due in monthly installments of $31,701, including interest at 5.0% per year, through January 14, 2015, plus a balloon payment of $5,630,315 in January 2015, secured by the Ontario property with a carrying value of $5.7 million at January 31, 2014.

    5,983,480       6,323,592  
                 

Mortgage note payable, due in monthly installments of $16,032 including interest at 7.75% per year, through November 1, 2021, secured by the Albuquerque property with a carrying value of $1.3 million at January 31, 2014.

    1,126,983       1,227,744  
                 

Mortgage note payable, due in variable monthly installments ($29,776 as of January 31, 2014) including interest at the prime rate (3.25% per year as of January 31, 2014), through January 28, 2015, plus a balloon payment of $4,874,618 in January 2015, secured by the Tucson St. Mary's property with a carrying value of $7.5 million at January 31, 2014.

    5,039,946       5,227,835  
                 

Totals:

  $ 18,746,571     $ 19,954,924