UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	September 30,2004		December 31, 2003
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	25,642,571		25,419,430
Furniture And Fixtures	223,996		218,518
	31,146,567		30,917,948
Less Accumulated Depreciation	14,516,487		13,866,583
	16,630,080		17,051,365
Cash And Cash Equivalents	305,896		258,423
Cash -Security Deposit Escrow	305,158		305,158
Unamortized Finance Costs	216,048		280,548
Manufactured Homes and Improvements	1,241,098		1,312,787
Other Assets	1,267,512		1,258,312
Total Assets	$19,965,792		$20,466,593
LIABILITIES and PARTNERS' DEFICIT	September 30,2004		December 31, 2003
	(Unaudited)
Line of Credit-Bank	$0		$235,000
Line of Credit-Related Party	361,236		0
Accounts Payable	197,944		149,213
Other Liabilities	1,200,374		885,533
Mortgage Payable	31,294,181		31,576,444
Total Liabilities	$33,053,735		$32,846,190
Partners' Equity (Deficit):
General Partner	(4,704,962)		(4,188,993)
Class A Limited Partners	(9,789,108)		(9,473,234)
Class B Limited Partners	1,406,127		1,282,630
Total Partners' Deficit	(13,087,943)		(12,379,597)
Total Liabilities And
Partners' Deficit	$19,965,792		$20,466,593
See Notes to Financial Statements
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