XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
INVESTMENT PROPERTIES: (Note 3)    
Land $ 2,794,122 $ 2,794,122
Buildings 4,017,412 4,017,412
Accumulated depreciation (3,996,956) (3,985,582)
Net investment properties 2,814,578 2,825,952
OTHER ASSETS:    
Cash 294,952 72,244
Investments held in Indemnification Trust (Note 7) 479,805 479,805
Security deposits escrow 64,401 64,393
Rents and other receivables 57,492 665,415
Deferred tenant award proceeds escrow 18,290
Prepaid insurance 3,548 5,068
Deferred charges, net 381,381 171,213
Total other assets 1,281,579 1,476,428
Total assets 4,096,157 4,302,380
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 296,029 16,047
Due to General Partner (Note 5) 531 718
Deferred rent 18,289
Security deposits 64,340 64,340
Total current liabilities 360,900 99,394
CONTINGENCIES AND COMMITMENTS (Notes 6 and 7)
General Partner -    
Cumulative net income (retained earnings) 385,379 384,051
Cumulative cash distributions (159,475) (158,944)
Total general partners' capital 225,904 225,107
Limited Partners (46,280.3 interests outstanding at March 31, 2021 and December 31, 2020)    
Capital contributions 46,280,300 46,280,300
Offering costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 44,518,382 44,386,908
Cumulative cash distributions (79,527,268) (78,927,268)
Total limited partners' capital 4,349,582 4,818,108
Former General Partner -    
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 3,735,257 4,202,986
Total liabilities and partners' capital $ 4,096,157 $ 4,302,380