SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             -----------------------
                                 Amendment No. 1
                                       to
                                   SCHEDULE TO
         Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1)
                     of the Securities Exchange Act of 1934

                               -------------------

                       CONSOLIDATED CAPITAL PROPERTIES III
                            (Name of Subject Company)

 MPF-NY 2007, LLC; MPF Badger Acquisition Co., LLC; MPF DeWaay Premier Fund 2,
         LLC; MPF Flagship Fund 11, LLC; MPF DeWaay Premier Fund 4, LLC
                                    (Bidders)
                      UNITS OF LIMITED PARTNERSHIP INTEREST
                         (Title of Class of Securities)

                                 None or unknown
                      (CUSIP Number of Class of Securities)

                             -----------------------
                                                  Copy to:
Christine Simpson                                 Chip Patterson, Esq.
MacKenzie Patterson Fuller, LP                    MacKenzie Patterson Fuller, LP
1640 School Street                                1640 School Street
Moraga, California  94556                         Moraga, California  94556
(925) 631-9100 ext.224                            (925) 631-9100 ext. 206

                     (Name, Address, and Telephone Number of
                    Person Authorized to Receive Notices and
                       Communications on Behalf of Bidder)

                            Calculation of Filing Fee

                         Transaction                Amount of
                          Valuation*                Filing Fee
                          ----------                ----------

                           $634,280                  $  67.87

*     For purposes of calculating  the filing fee only.  Assumes the purchase of
      31,714 Units at a purchase price equal to $20 per Unit in cash.

|X|   Check box if any part of the fee is offset as provided by Rule  0-11(a)(2)
      and identify the filing with which the offsetting fee was previously paid.
      Identify the previous filing by registration statement number, or the Form
      or Schedule and the date of its filing.

      Amount Previously Paid:    $  67.87
      Form or Registration Number: SC TO-T
      Filing Party: MacKenzie Patterson Fuller, LP
      Date Filed: June 22, 2007


|_|   Check the box if the filing relates solely to preliminary communications
      made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

|X|   third party tender offer subject to Rule 14d-1.

|_|   issuer tender offer subject to Rule 13e-4.

|_|   going private transaction subject to Rule 13e-3

|_|   amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: |X|



                         FINAL AMENDMENT TO TENDER OFFER

This Tender Offer Statement on Schedule TO relates to the offer (the "Offer") by
MPF-NY 2007,  LLC; MPF Badger  Acquisition  Co., LLC; MPF DeWaay Premier Fund 2,
LLC; MPF Flagship Fund 11, LLC; MPF DeWaay Premier Fund 4, LLC (collectively the
"Purchasers")  to purchase  31,714 Units of limited  partnership  interest  (the
"Units") in Consolidated Capital Properties III (the "Partnership"), the subject
company,  at a  purchase  price  equal to $20 per Unit,  less the  amount of any
distributions  declared or made with respect to the Units  between June 22, 2007
(the "Offer Date") and August 3, 2007 (the  "Expiration  Date"),  upon the terms
and subject to the  conditions set forth in the Offer to Purchase dated June 22,
2007 (the "Offer to Purchase") and the related Letter of Transmittal.

The Offer resulted in the tender by  unitholders,  and acceptance for payment by
the Purchasers,  of a total of 1,841.5 Units.  Upon completion of the Offer, the
Purchasers held an aggregate of  approximately  2,272.5 Units, or  approximately
1.433% of the total  outstanding  Units.  These shares were allocated  among the
Purchasers as follows:

MPF-NY 2007, LLC - 184 Units; and MPF DeWaay Premier Fund 2, LLC 1657.5 Units.

                                   SIGNATURES

      After due inquiry and to the best of my  knowledge  and belief,  I certify
that the information set forth in this statement is true, complete and correct.

Dated: August 13, 2007

MPF-NY 2007,  LLC; MPF Badger  Acquisition  Co., LLC; MPF DeWaay Premier Fund 2,
LLC; MPF Flagship Fund 11, LLC; MPF DeWaay Premier Fund 4, LLC

By:      /s/ Chip Patterson
         ----------------------------
         Chip Patterson, Senior Vice President of Manager or General Partner of
         each filing person