<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 276,486 <SECURITIES> 0 <RECEIVABLES> 211,582 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 11,613,965 <F1> <DEPRECIATION> 523,382 <TOTAL-ASSETS> 11,583,318 <CURRENT-LIABILITIES> 147,735 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,435,583 <F2> <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 11,583,318 <SALES> 0 <TOTAL-REVENUES> 648,987 <F3> <CGS> 0 <TOTAL-COSTS> 275,204 <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> 373,783 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1> "PP&E" REPRESENTS INVESTMENT IN REAL ESTATE [LAND AND BUILDING] <F2> "COMMON" REPRESENTS TOTAL STOCKHOLDERS EQUITY <F3> "TOTAL REVENUES" REPRESENTS RENTAL, INTEREST, AND OTHER INCOME <F4> "TOTAL COSTS" REPRESENTS TOTAL EXPENSES </FN>