Statement of Income - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Income Statement [Abstract] | ||||
Rental Income | $ 108,787 | $ 109,520 | $ 219,843 | $ 219,039 |
Expenses: | ||||
Partnership Administration – Affiliates | 16,859 | 31,277 | 37,727 | 64,804 |
Partnership Administration and Property Management – Unrelated Parties | 20,275 | 30,797 | 55,097 | 49,543 |
Depreciation and Amortization | 62,467 | 71,192 | 124,934 | 142,381 |
Total Expenses | 99,601 | 133,266 | 217,758 | 256,728 |
Operating Income (Loss) | 9,186 | (23,746) | 2,085 | (37,689) |
Other Income: | ||||
Interest Income | 3,751 | 1,344 | 9,125 | 2,712 |
Net Income | 12,937 | (22,402) | 11,210 | (34,977) |
Net Income (Loss) Allocated: | ||||
General Partner | 353 | 27 | 336 | (350) |
Limited Partners | 12,584 | (22,429) | 10,874 | (34,627) |
Net Income | $ 12,937 | $ (22,402) | $ 11,210 | $ (34,977) |
Net Income (Loss) per Limited Partnership Unit (in Dollars per share) | $ 1.12 | $ (1.91) | $ 0.95 | $ (2.95) |
Weighted Average Units Outstanding – Basic and Diluted (in Shares) | 11,263 | 11,749 | 11,506 | 11,749 |
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- References No definition available.
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- References No definition available.
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- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per unit of ownership amount after tax of income (loss) from continuing operations available to limited partnership (LP) unit-holder in a publicly trade limited partnership (LP) or master limited partnership (MLP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate amount of net income allocated to general partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating lease income from lease payments and variable lease payments paid and payable to lessor. Includes, but is not limited to, variable lease payments not included in measurement of lease receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Weighted average number of general partnership units outstanding determined by relating the portion of time within a reporting period that general partnership units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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