v2.4.0.6

CONDENSED STATEMENTS OF OPERATIONS AND PARTNERS' CAPITAL (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues
Property sales	$ 3,967	$ 23,811	$ 12,817	$ 66,678
Interest income	166	1,899	542	4,243
Other income	0	1,311	0	1,583
Total revenues	4,133	27,021	13,359	72,504
Operating expenses
Direct costs of property sold	255	708	517	2,752
Selling, general and administrative expenses	115,817	120,913	351,049	347,906
Depreciation	887	887	2,659	2,662
Total operating expenses	116,959	122,508	354,225	353,320
Net loss	(112,826)	(95,487)	(340,866)	(280,816)
Partners' capital at beginning of period	2,083,716	2,569,296	2,311,756	2,754,625
Partners' capital at end of period	$ 1,970,890	$ 2,473,809	$ 1,970,890	$ 2,473,809
Net loss per partnership unit (in dollars per share)	$ (0.06)	$ (0.05)	$ (0.18)	$ (0.15)
Weighted average partnership units issued and outstanding (in shares)	1,811,062	1,811,062	1,811,062	1,811,062

The aggregate amount of operating and non-operating income during the reporting period.

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Reflects for the period the total of the carrying amount of the commercial, industrial and residential land and buildings sold plus certain overhead and other costs incurred to place the real estate in saleable condition, capitalized interest costs in the properties sold, and inventory impairment losses recognized. This element would most likely be used by an entity whose principal activities involve real estate or which has significant real estate operations.

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The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives.

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Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money.

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Net income (loss) allocated to each outstanding limited partnership and general partnership unit.

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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.

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The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items.

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The amount of ownership interest of different classes of partners in limited partnership.

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Revenue from the sale of commercial, industrial, or residential property during the period. This element is more likely than not relevant to an entity for which real estate operations are a principal activity. If real estate operations are not a principal activity, the reporting entity would likely use a gain (loss) on sale of property, plant, or equipment type element.

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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

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Weighted average number of limited partnership and general partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership and general partnership units have been outstanding to the total time in that period. Includes, for example, the number of units distributed to unit holders whereby unit holders have the ability to elect to receive the unit holders' entire distribution in cash or units of equivalent value or there is a potential limitation on the total amount of cash that all unit holders can elect to receive in aggregate.

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