<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 1,566,214 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 29,463,090 <DEPRECIATION> (13,640,819) <TOTAL-ASSETS> 17,714,971 <CURRENT-LIABILITIES> 398,125 <BONDS> 11,322,919 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 5,993,927 <TOTAL-LIABILITY-AND-EQUITY> 17,714,971 <SALES> 4,434,497 <TOTAL-REVENUES> 4,482,818 <CGS> 0 <TOTAL-COSTS> 2,297,544 <OTHER-EXPENSES> 1,199,294 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 887,381 <INCOME-PRETAX> 98,599 <INCOME-TAX> 0 <INCOME-CONTINUING> 98,599 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 98,599 <EPS-PRIMARY> 1.11 <EPS-DILUTED> 1.11