<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 305,705 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 11,515,797 <F1> <DEPRECIATION> 332,305 <TOTAL-ASSETS> 11,650,565 <CURRENT-LIABILITIES> 79,880 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,515,454 <F2> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 11,650,565 <SALES> 0 <TOTAL-REVENUES> 680,049 <F3> <CGS> 0 <TOTAL-COSTS> 286,678 <F4> <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 393,371 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> "PP&E" REPRESENTS INVESTMENT IN REAL ESTATE [LAND AND BUILDING] <F2> "COMMON" REPRESENTS TOTAL STOCKHOLDER'S EQUITY <F3> "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER INCOME <F4> "TOTAL COSTS" REPRESENTS TOTAL EXPENSES </FN>