UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEET
ASSETS	March 31,2005		December 31, 2004
	(Unaudited)
Properties:
Land	$5,280,000		$5,280,000
Buildings And Improvements	26,042,127		25,898,323
Furniture And Fixtures	229,878		229,879
	31,552,005		31,408,202
Less Accumulated Depreciation	14,966,592		14,734,193
	16,585,413		16,674,009
Cash And Cash Equivalents	202,514		200,760
Cash - Security Escrow	305,158		305,158
Unamortized Finance Costs	173,048		194,548
Manufactured Homes and Improvements	1,172,948		1,204,893
Other Assets	1,069,885		751,371
Total Assets	$19,508,966		$19,330,739
LIABILITIES and PARTNERS' DEFICIT	March 31, 2005		December 31, 2004
	(Unaudited)
Line of Credit	$305,000		$40,000
Accounts Payable	217,130		176,661
Other Liabilities	929,570		708,052
Note Payable-Affiliate	658,164		565,190
Mortgage Payable	31,078,126		31,190,519
Total Liabilities	$33,187,990		$32,680,422
Partners' Equity (Deficit) :
General Partner	(5,076,778)		(4,884,110)
Class A Limited Partners	(10,065,447)		(9,907,130)
Class B Limited Partners	1,463,201		1,441,557
Total Partners' Deficit	(13,679,024)		(13,349,683)
Total Liabilities And
Partners' Deficit	$19,508,966		$19,330,739
See Notes to Financial Statements
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