STATEMENTS OF INCOME (Unaudited)			            SIX MONTHS ENDED				  THREE MONTHS ENDED				
							June 30, 1998		June 30, 1997		June 30, 1998		June 30, 1997		

Income:											
  Rental Income						$5,707,802 		$5,532,927 		$2,856,394 		$2,786,045 		
  Other							391,216 		344,800 		204,163 		156,175 		
											
Total Income						$6,099,018 		$5,877,727 		$3,060,557 		$2,942,220 		
											
Operating Expenses:											
  Administrative Expenses											
  (Including $300,757 , $290,905 , $150,411, And $146,288 In Property Management											
  Fees Paid To An Affiliate For the Six and Three Month Periods											
  Ended June 30, 1998 and 1997, Respectively)		1,718,029 		1,549,609 		892,338 		781,469 		
  Property Taxes					471,399 		448,071 		236,136 		224,046 		
  Utilities						498,529 		508,124 		260,393 		251,389 		
  Property Operations					787,388 		617,475 		379,374 		300,088 	
  Depreciation And Amortization				920,000 		914,166 		460,000 		457,083 	
  Interest						1,340,017 		1,316,257 		665,659 		659,917 	
Total Operating Expenses				$5,735,362 		$5,353,702 		$2,893,900 		$2,673,992 	
Net Income						$363,656 		$524,025 		$166,657 		$268,228 	
										
Income Per Limited Partnership Unit:			$0.11 			$0.16 			$0.05 			$0.08 	
Distribution Per Limited Partnership Unit		$0.34 			$0.30 			$0.17 			$0.13 	
Weighted Average Number Of Beneficial Assignment										
  of Limited  Partnership Interest Outstanding During			 		 		 		 	
  The Periods Ending June 30, 1998 and 1997		3,303,387 		3,303,387 		3,303,387 		3,303,387 	
										
							          See Notes to Financial Statements			

STATEMENTS OF CASH FLOWS (Unaudited)					SIX MONTHS ENDED			
								June 30, 1998		June 30, 1997	
										
Cash Flows From Operating Activities:										
  Net Income 							$363,656 		$524,025 	
										
Adjustments To Reconcile Net Income To Net Cash										
  Provided By Operating Activities:										
  Depreciation							896,000 		880,000 	
  Amortization							24,000 			34,166 	
(Increase) Decrease In Other Assets 				70,307 			(40,146)	
  Increase  (Decrease) In Accounts Payables			23,368 			(37,594)	
  Increase (Decrease) Other Liabilities 			(276,036)		(246,696)	
Total Adjustments						737,639 		589,730 	
							 			
    Net Cash Provided By Operating Activities			1,101,295 		1,113,755 	
 										
Cash Flows From Investing Activities:							 			
  Purchase of Marketable Securities					0 			0 	
  Capital Expenditures						(277,263)		(237,912)	
  Sale of Fixed Assets						(20,737)		206,180 	

    Net Cash Provided By (Used In)							 			
      Investing Activities					(298,000)		(31,732)	
										
Cash Flows From Financing Activities:										
  Distributions To Partners					(1,123,152)		(991,019)	
										
Net Cash Provided By (Used In)										
  Financing Activities						(1,123,152)		(991,019)	
										
Increase (Decrease) In Cash					(319,857)		91,004 	
Cash, Beginning 						1,630,552 		1,144,427 	
										
Cash, Ending							$1,310,695 		$1,235,431 
									
							          See Notes to Financial Statements		

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