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Condensed Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
PROPERTIES HELD FOR SALE: (Note 3)    
Properties held for sale $ 725,765 $ 725,765
OTHER ASSETS:    
Cash and cash equivalents 40,898 179,745
Investments held in Indemnification Trust (Note 7) 390,646 487,947
Security deposits escrow 17,948 17,356
Rents and other receivables 145,120
Prepaid state income tax 10,222 35,118
Deferred closing costs 49,053 31,291
Prepaid insurance 185 1,577
Deferred charges, net 77,104 89,906
Total other assets 586,055 988,060
Total assets 1,311,820 1,713,825
LIABILITIES:    
Accounts payable and accrued expenses 15,734 6,466
Due to General Partner (Note 5) 29,048
Accrued state income tax (Note 8) 204,872
Distributions payable (Note 8) 234,495
Security deposits 17,230 17,230
Total liabilities 32,964 492,111
CONTINGENCIES AND COMMITMENTS (Notes 6 and 7)
General Partner (1993-Present)    
Cumulative net income (retained earnings) 543,924 543,341
Cumulative cash distributions (233,692) (232,466)
Total general partners’ capital 310,232 310,875
Limited Partners (46,280.3 interests outstanding at September 30, 2024 and December 31, 2023)    
Capital contributions 46,280,300 46,280,300
Offering costs (6,921,832) (6,921,832)
Cumulative net income (retained earnings) 60,214,374 60,156,589
Cumulative cash distributions (97,763,989) (97,763,989)
Total Limited Partners’ capital 1,808,853 1,751,068
Former General Partner (1987-1993)    
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 1,278,690 1,221,714
Total liabilities and partners’ capital $ 1,311,820 $ 1,713,825