UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEET
ASSETS	June 30, 2004		December 31, 2003
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,464,279		25,419,430
Furniture And Fixtures	221,518		218,518
	30,965,797		30,917,948
Less Accumulated Depreciation	14,300,456		13,866,583
	16,665,341		17,051,365
Cash And Cash Equivalents	358,886		258,423
Cash - Security Escrow	305,158		305,158
Unamortized Finance Costs	237,548		280,548
Manufactured Homes and Improvements	1,475,184		1,312,787
Other Assets	1,139,199		1,258,312
Total Assets	$20,181,316		$20,466,593
LIABILITIES and PARTNERS' DEFICIT	June 30, 2004		December 31, 2003
	(Unaudited)
Line of Credit	$270,000		$235,000
Accounts Payable	183,222		149,213
Other Liabilities	1,110,295		885,533
Mortgage Payable	31,389,014		31,576,444
Total Liabilities	$32,952,531		$32,846,190
Partners' Equity (Deficit) :
General Partner	(4,514,817)		(4,188,993)
Class A Limited Partners	(9,641,859)		(9,473,234)
Class B Limited Partners	1,385,461		1,282,630
Total Partners' Deficit	(12,771,215)		(12,379,597)
Total Liabilities And
Partners' Deficit	$20,181,316		$20,466,593
See Notes to Financial Statements
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