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NOTE 2. RENTAL PROPERTY
9 Months Ended
Sep. 30, 2025
Block 40 L L C 2023 [Member]  
NOTE 2. RENTAL PROPERTY

NOTE 2. RENTAL PROPERTY

 

Rental property at December 31, 2023 consisted of the following:

      
Land  $4,504,624 
Building - residential   104,550,314 
Building - commercial   11,661,662 
Building and land improvements   4,169,160 
Fixtures and personal property   13,605,007 
    138,490,767 
      
Less: accumulated depreciation   (11,690,870)
      
   $126,799,897 

Depreciation expense amounted to approximately $7,018,000 for the year ended December 31, 2023.