SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the Fiscal Year Ended December 31, 2000 Commission File No. 0-16701

UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,

a Michigan Limited Partnership

(Exact name of registrant as specified in its charter)

MICHIGAN 38-2593067
(State or other jurisdiction ofincorporation or organization) (I.R.S. employeridentification number)

       Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [ X ] No [ ]
       As of March 1, 2001, 3,303,387 units of limited partnership interest of the registrant were outstanding and the estimated aggregate market value of the units as of such date held by non-affiliates, as estimated by the General Partner (based on a 2001 appraisal of Partnership properties), was approximately $49,942,642.
DOCUMENTS INCORPORATED BY REFERENCE
See Item 14.


PART I



       This Form 10-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements. Risks and other factors that might cause such a difference include, but are not limited to, the effect of economic and market conditions; financing risks, such as the inability to obtain debt financing on favorable terms; the level and volatility of interest rates; and failure of the Partnership's properties to generate additional income to offset increases in operating expenses, as well as other risks listed herein under Item 1.
ITEM 1.       BUSINESS
General Development of Business
       Uniprop Manufactured Housing Communities Income Fund II, a Michigan Limited Partnership (the "Partnership"), acquired, maintains, operates and ultimately will dispose of income producing residential real properties consisting of nine manufactured housing communities (the "Properties"). The Partnership was organized and formed under the laws of the State of Michigan on November 7, 1986. Its principal offices are located at 280 Daines Street, Birmingham, Michigan 48009 and its telephone number is (248) 645-9261.
       The Partnership filed an S-11 Registration Statement in November 1986, which was declared effective by the Securities and Exchange Commission on December 23, 1986. The Partnership thereafter sold 3,303,387 units (the "Units") of beneficial assignment of limited partnership interest representing capital contributions by unit holders (the "Unit Holders") to the Partnership of $20 per unit. The sale of all 3,303,387 Units was completed in December 1987, generating $66,067,740 of contributed capital to the Partnership.
       The Partnership acquired seven of the Properties in 1987 and acquired two additional Properties in 1988.
       The Partnership operates the Properties as manufactured housing communities with the primary investment objectives of: (1) providing cash from operations to investors; (2) obtaining capital appreciation; and (3) preserving capital of the Partnership. There can be no assurance that such objectives can be achieved.
       On August 20, 1998, the Partnership borrowed $30,000,000 (the "Loan") from GMAC Commercial Mortgage Corporation. It secured the Loan by placing new mortgages on seven of its nine properties. The Loan carries a fixed interest rate of 6.37% over its term of 126 months and is amortized over 360 months. The Partnership used the proceeds from the Loan to refinance the Partnership's outstanding indebtedness of $30,045,000, which was the result of a 1993 mortgage financing transaction.
Financial Information About Industry Segment
       The Partnership's business and only industry segment is the operation of its nine manufactured housing communities. Partnership operations commenced in April 1987 upon the acquisition of the first two Properties. For a description of the Partnership's revenues, operating profit and assets, please refer to Items 6 and 8.
Narrative Description of Business General
       The Sunshine Village, Ardmor Village and Camelot Manor Properties were selected from 25 manufactured housing communities then owned by affiliates of Genesis Associates Limited Partnership, the General Partner of the Partnership (the "General Partner"). The other six communities were purchased from unaffiliated third parties. The Partnership rents space in the Properties to owners of manufactured homes thereby generating rental revenues. It was intended that the Partnership would hold the Properties for extended periods of time, originally anticipated to be seven to ten years after their acquisition. The General Partner has the discretion to determine when a Property is to be sold; provided, however, that the determination of whether a particular Property should be disposed of will be made by the General Partner only after consultation with an independent consultant, Manufactured Housing Services.,Inc (the "Consultant"). In making their decision, the General Partner and Consultant will consider relevant factors, including current operating results of the particular Property and prevailing economic conditions, and will make the decision with a view to achieving maximum capital appreciation to the Partnership considering relevant tax consequences and the Partnership's investment objectives.
Competition
       The business of owning and operating residential manufactured housing communities is highly competitive, and the Partnership may be competing with a number of established companies having greater financial resources. Moreover, there has been a trend for manufactured housing community residents to purchase (where zoning permits) their manufactured home sites on a collective basis. This trend may result in increased competition with the Partnership for tenants. In addition, the General Partner, its affiliates or both, has and may in the future participate directly or through other partnerships or investment vehicles in the acquisition, ownership, development, operation and sale of projects which may be in direct competition with one or more of the Properties.
       Each of the Properties competes with numerous similar facilities located in its geographic area. The Davie/Fort Lauderdale area contains approximately five communities offering approximately 2,045 housing sites competing with Sunshine Village. Ardmor Village competes with approximately nine communities in the Lakeville, Minnesota area offering approximately 2,363 housing sites. Camelot Manor competes with approximately 16 communities in the Grand Rapids, Michigan area offering approximately 3,631 housing sites. In the Jacksonville, Florida area, Country Roads competes with approximately nine communities offering approximately 3,636 housing sites. The Tampa, Florida area contains approximately four communities offering approximately 1,190 housing sites competing with Paradise Village. Dutch Hills and Stonegate Manor compete with approximately 11 other communities in the Lansing, Michigan area offering approximately 3,438 housing sites. In the Las Vegas, Nevada area, West Valley and El Adobe compete with approximately 13 other communities offering approximately 3,719 housing sites. The Properties also compete against other forms of housing, including apartment and condominium complexes.
Governmental Regulations
       The Properties owned by the Partnership are subject to certain state regulations regarding the conduct of the Partnership operations. For example, the State of Florida regulates agreements and relationships between the Partnership and the residents of Sunshine Village, Country Roads and Paradise Village. Under Florida law, the Partnership is required to deliver to new residents of those Properties a prospectus describing the property and all tenant rights, Property rules and regulations, and changes to Property rules and regulations. Florida law also requires minimum lease terms, requires notice of rent increases, grants to tenant associations certain rights to purchase the community if being sold by the owner and regulates other aspects of the management of such properties. The Partnership is required to give 90 days notice to the residents of Florida Properties of any rate increase, reduction in services or utilities, or change in rules and regulations. If a majority of the residents object to such changes as unreasonable, the matter must be submitted to the Florida Department of Professional Business Regulations for mediation prior to any legal adjudication of the matter. In addition, if the Partnership seeks to sell Florida Properties to the general public, it must notify any homeowners association for the residents, and the association shall have the right to purchase the Property on the price, terms and conditions being offered to the public within 45 days of notification by the owner. If the Partnership receives an unsolicited bona fide offer to purchase the Property from any party that it is considering or negotiating with, it must notify any such homeowners association that it has received an offer, state to the homeowners association the price, terms and conditions upon which the Partnership would sell the Property, and consider (without obligation) accepting an offer from the homeowners association. The Partnership has, to the best of its nowledge, complied in all material respects with all requirements of the States of Florida, Michigan, Minnesota and Nevada, where its operations are conducted.
Employees
       The Partnership employs two part-time employees to perform Partnership management and investor relations' services. The Partnership retains an affiliate, Uniprop, Inc., as the property manager for each of its Properties. Uniprop, Inc. is paid a fee equal to the lesser of 5% of the annual gross receipts from each of the Properties or the amount which would be payable to unaffiliated third parties for comparable services. Uniprop, Inc. retains local managers on behalf of the Partnership at each of the Properties. Salaries and fringe benefits of such local managers are paid by the Partnership and are not included in any property management fee payable to Uniprop, Inc. Local managers are employees of the Partnership and are paid semi-monthly. The yearly salaries and expenses for local managers range from $20,000 to $40,000. Local managers have no direct management authority, make no decisions regarding operations and act only in accordance with instructions from the property manager. They are utilized by the Partnership to provide on-site maintenance and administrative services. Uniprop, Inc., as property manager, has overall management authority for each Property.
ITEM 2. PROPERTIES
       The Partnership purchased all nine manufactured housing communities for cash. As a result of the Loan, however, seven of the nine Properties are now encumbered with mortgages.
       Each of the Properties is a modern manufactured housing community containing lighted and paved streets, side-by-side off-street parking and complete underground utility systems. The Properties consist of only the underlying real estate and improvements, not the actual homes themselves. In January 1990, the Partnership did begin acquiring some homes in conjunction with its home purchase/lease program for Country Roads and Paradise Village. Each of the Properties has a community center, which includes offices, meeting rooms and game rooms. Country Roads has a 1,200 square foot rental cottage. Each of the Properties, except Stonegate Manor, has a swimming pool. Several of the Properties also have laundry rooms, playground areas, garage and maintenance areas and recreational vehicle or boat storage areas.
       The table below contains certain information concerning the Partnership's nine properties.

Property Name and
Location
Year
Constructed
Acreage Number of
Sites
Ardmor VillageCedar Avenue S.Lakeville, MN 1974 74 339
Camelot ManorSouth DivisionGrand Rapids, MI 1973 57 335
Country RoadsTownsend RoadJacksonville, FL 1967 37 312
Dutch HillsUpton RoadHaslett, MI 1975 42.8 278
El AdobeN. Lamb Blvd.Las Vegas, NV 1975 36 371
Paradise VillageParadise DriveTampa, FL 1971 91 611
Stonegate ManorEaton Rapids DriveLansing, MI 1968 43.6 308
Sunshine VillageSouthwest 5th St.Davie, FL 1972 45 356
West ValleyW. Tropicana AveLas Vegas, NV 1972 53 420

ITEM 3.       LEGAL PROCEEDINGS
       In the opinion of the Partnership and its legal counsel, there are no material legal proceedings pending except such ordinary routine matters as are incident to the kind of business conducted by the Partnership. To the knowledge of the Partnership and its counsel, no legal proceedings have been instituted or are being contemplated by any governmental authority against the Partnership.

ITEM 4.       SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
       The voting privileges of the Unit Holders and Limited Partners are restricted to certain matters of fundamental significance to the Partnership. The Unit Holders and Limited Partners must approve certain major decisions of the General Partner if the General Partner proposes to act without the approval of the Consultant. The Unit Holders and Limited Partners also have a right to vote upon removal and replacement of the General Partner, dissolution of the Partnership, material amendments to the partnership agreement and the sale or other disposition of all or substantially all of the Partnership's assets, except in the ordinary course of the Partnership's disposing of the Properties. Such matters must be approved by Unit Holders and Limited Partners, as a group, holding more than 50% of the then outstanding interests. No matters were submitted to Unit Holders for vote during 2000.


PART II


ITEM 5.       MARKET FOR THE REGISTRANT'S COMMON EQUITY AND
RELATED SECURITY HOLDER MATTERS
       There is no established public trading market for the Units of the Partnership and it is not anticipated that one will ever develop. During the last twelve months, less than five percent (5.0%) of the Units have been transferred, excluding transfers due to death or intra-family transfers. The Partnership believes there is no secondary market, or the substantial equivalent thereof, and none will develop.
       The General Partner calculates the estimated net asset value of each Unit by dividing (i) the amount of distributions that would be made to the Limited Partners in the event of the current sale of the Properties at their current appraised value, less the outstanding balances of the mortgages on the mortgaged Properties and sales expenses (but without consideration to tax consequences of the sale), by (ii) 3,303,387. In March 2001, the Properties were appraised at an aggregate fair market value of $81,600,000. Assuming a sale of the nine properties in March 2001, at the appraised value, less payment of selling expenses and mortgage debt, the net aggregate proceeds available for distribution to the Unit Holders is estimated to be $49,942,642 or $15.12 per Unit. There can be no assurance that the estimated net asset value could ever be realized. As of March 1, 2001, the Partnership had approximately 4,675 Unit Holders.

ITEM 6.       SELECTED FINANCIAL DATA
       The following table summarizes selected financial data for the Partnership for the periods ended December 31, 2000, 1999, 1998, 1997 and 1996:
Fiscal Year
Ended
December
31, 2000
Fiscal Year
Ended
December
31, 1999
Fiscal Year
Ended
December
31, 1998
Fiscal Year
Ended
December
31, 1997
Fiscal Year
Ended
December
31, 1996
Total Assets $46,542,559 $47,525,657 $48,834,623 $52,652,238 $53,583,381
Long Term
Debt
$29,209,358 $29,572,116 $29,915,975 $30,045,000 $30,025,487
Income 13,023,904 12,718,010 12,419,636 11,922,526 11,250,156
Operating Expenses (11,034,040) (11,077,253) (11,488,193) (10,755,270) (10,854,181)
Income before
Extraordinary Item:
$1,989,864 $1,640,757 $931,443 1,167,256 $395,975
Extraordinary Item: - - $250,998 - -
Net Income: $1,989,864 $1,640,757 $1,182,441 $1,167,256 $395,975
Distributions to
Unit Holders,
per Unit:
$.76 $.73 $1.43 $.64 $.54
Income per Unit:
Before Extra Item
$.60 $.49 $.28 $.35 $.12
Extraordinary Item - - .08 - -
Weighted average
Number of Units
Outstanding:
3,303,387 3,303,387 3,303,387 3,303,387 3,303,387

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Capital Resources
       The capital formation phase of the Partnership began on April 1, 1987 when Sunshine Village and Ardmor Village were purchased by the Partnership and operations commenced. It ended on January 15, 1988 when El Adobe, the Partnership's last property, was purchased. The total capital raised through December 1987 was $66,067,740 of which approximately $58,044,000 was used to purchase the nine Properties after deducting sales commissions, advisory fees and other organization and offering costs.
       The Partnership had no capital expenditure commitments as of December 31, 2000 and does not anticipate any during the next fiscal year.
       As described in Item 1, the Partnership borrowed $30,000,000 from GMAC Commercial Mortgage Corporation. The Loan carries a fixed interest rate of 6.37% over its term of 120 months, amortized over 30 years. The Loan was secured by mortgages on the Partnership's Ardmor Village, Camelot Manor, Dutch Hills, El Adobe, Stonegate Manor, Sunshine Village and West Valley Properties. The Partnership used the proceeds from the Loan to refinance the Partnership's outstanding indebtedness of $30,045,000.
       The General Partner acknowledges that the mortgages pose some risks to the Partnership, but believes that such risks are not greater than risks typically associated with real estate financing.
Liquidity
       The Partnership has, since inception, generated adequate amounts of cash to meet its operating needs. The Partnership retains cash reserves, which it considers adequate to maintain the Properties. All funds in excess of operating needs, amounts sufficient to pay debt service, and cash reserves are distributed to the Unit Holders on a quarterly basis. While the Partnership is not required to maintain a working capital reserve, the Partnership has not distributed all the cash generated from operations in order to build capital reserves. As of December 31, 2000, the Partnership had $3,155,170 in reserves.
       In February of 1994, the Partnership distributed $23,119,767 to the Unit Holders, or $7.00 per $20.00 Unit held. Of this amount, $13,572,978 (or $4.11 per Unit), restored the then shortfall in the Unit Holders' 10.0% cumulative preferred return, and $9,546,789 (or $2.89 per Unit), was a partial return of the Limited Partners' original capital contributions.
Results of Operations Distributions
       For the year ended December 31, 2000, the Partnership made distributions to the Unit Holders of $2,510,569, which is equal, on an annualized basis, to 4.4% on their adjusted capital contributions ($.76 per $17.11 Unit). Distributions paid to Unit Holders in 1999 totaled $2,411,479, and $4,723,832 was paid in 1998, (of which $2,543,608 was the result of the liquidation of the Class D and R certificates, which were issued as a result of the original 1993 financing transaction).
       The distributions paid in 2000 were less than the amount required for the annual 10.0% preferred return to the Unit Holders by approximately $3,142,000. As described in Note 7 to the Partnership's financial statements, the cumulative preferred return deficit through December 2000 was approximately $22,006,000. No distributions can be made to the General Partner in regard to its incentive management interest until the cumulative preferred return deficit has been distributed to the Unit Holders. At December 31, 2000, the unpaid amount to be distributed to the General Partner was approximately $7,700,000.
Net Income
       For the years ended December 31, 2000, 1999 and 1998, income before extraordinary item was $1,989,864, $1,640,757 and $931,443 on total revenues of $13,023,904, $12,718,010 and $12,419,636, respectively. The increases are due primarily to higher revenue and lower operating expenses, specifically the reduction in interest paid on the Partnership's mortgage debt.
       Net income plus depreciation and amortization less distributions to Unit Holders, was $1,280,243, $1,072,491 and $(1,694,214), for the years ended December 31, 2000, 1999 and 1998, respectively.
Partnership Management
       Certain employees of the Partnership are also employees of affiliates of the general partner. These employees were paid by the Partnership the amount of $222,181, $208,593, and $222,949, respectively, to perform local property management and investor relations services for the Partnership.
Property Operations
       Overall, as illustrated in the table below, the Partnership's nine properties had a combined average occupancy of 92% as of December 2000, versus 93% in December 1999, and 93% in December 1998. The average monthly rent (not weighted average) was approximately $363 per home site in December 2000, versus $353 in December 1999 and $348 in December 1998, an increase of 2.8% and 1.4%, respectively.
  TotalSites Occupied Sites Occupancy Rate Average Rent
    2000   1999  1998 2000   1999  1998 2000   1999  1998
Ardmor Village 339 336    335    329 99%  98.8%  97.1% $346  $333  $319
Camelot Manor 335 311    323    321 93%    96.4    95.8 342    331    320
Country Roads 312 273    283    287 88%    90.7    92.0 242    253    240
Dutch Hills 278 274    269    261 99%    96.8    93.9 341    331    321
El Adobe 371 323    344    363 87%    93.7    97.8 419    404    384
Paradise Village 611 481    504    504 79%    82.1    82.5 303    291    297
Stonegate Manor 308 293    302    295 95%    98.1    95.8 348    336    326
Sunshine Village 356 325    327    336 91%    91.9    94.4 447    434    418
West Valley 420 401    403    415 95%    95.7    98.8 479    467    449
Overall 3,330 3,017  3,090  3,111 92%  92.8%  93.4% $363  $353  $348
       The table below summarizes gross revenues and net operating income for the Partnership and Properties during 2000, 1999 and 1998.
  GROSS REVENUE NET OPERATING INCOME
AND NET INCOME
2000 1999 1998 2000 1999 1998
Ardmor Village $1,373,948 $1,267,773 $1,241,339 $789,214 $614,910 $664,873
Camelot Manor 1,223,979 1,172,434 1,131,841 595,198 508,750 519,695
Country Roads 810,253 864,405 836,800 197,804 284,374 43,923
Dutch Hills 1,032,657 989,591 958,776 492,197 487,671 500,881
El Adobe 1,703,048 1,748,554 1,731,799 1,051,291 1,128,435 1,137,530
Paradise Village 1,641,550 1,570,490 1,448,095 356,666 248,023 297,217
Stonegate Manor 1,157,531 1,146,597 1,110,040 591,013 568,042 544,209
Sunshine Village 1,607,842 1,595,829 1,547,644 916,686 913,078 950,739
West Valley 2,315,855 2,288,155 2,326,778 1,458,246 1,458,086 1,548,420
12,866,663 12,643,828 12,333,112 $6,448,315 6,211,369 6,207,487
Partnership Mgmt. $157,241 74,182 86,524 ($176,792) (213,440) (413,691)
Extinguisment of Debt       - - 250,998
Other nonrecurring
Expenses
      (590,678) (578,247) (589,597)
Debt Service       (1,800,948) (1,843,213) (1,847,177)
TOTAL: $13,023,904 $12,718,010 $12,419,636 $1,989,864 $1,640,757 $1,182,441

Comparison of Year Ended December 31, 2000 to Year Ended December 31, 1999
       Gross revenues increased $305,894, or 2.4%, to $13,023,904 in 2000, compared to $12,718,010 in 1999. The increase is primarily the result of an increase in rental income due to higher average monthly rents. (See table on previous page).
       The Partnership's operating expenses decreased $43,213, or .4%, to $11,034,040 in 2000, compared to $11,077,253 in 1999. The decrease in due primarily to lower interest expense associated with the Partnership's mortgage debt.
       As a result of the foregoing factors, net income increased from $1,640,757 in 1999 to $1,989,864 in 2000.

Comparison of Year Ended December 31, 1999 to Year Ended December 31, 1998
       Gross revenues increased $298,374, or 2.34%, to $12,718,010 in 1999, compared to $12,419,636 in 1998. The increase was primarily the result of higher average occupancy and an increase in rental income due to higher average monthly rents. (See table on previous page.)
       The Partnership's operating expenses decreased $410,940, or 3.6%, to $11,077,253 in 1999, compared to $11,488,193 in 1998. The decrease is due primarily to lower interest expense associated with the Partnership'sMortgage debt and lower administrative expenses due to the absence of costs associated with the 1998 proxy.
       As a result of the foregoing factors, net income increased from $1,182,441 in 1998 to $1,640,757 in 1999.

ITEM 7A.       QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
       The Partnership is exposed to interest rate risk primarily through its borrowing activities. There is inherent roll over risk for borrowings as they mature and are renewed at current market rates. The extent of this risk is not quantifiable or predictable because of the variability of future interest rates and the Partnership's future financing requirements.
Note Payable: At December 31, 2000 the Partnership had a note payable outstanding in the amount of $29,209,358. Interest on this note is at a fixed rate of 6.37% through March 2009.
       The Partnership does not enter into financial instruments transactions for trading or other speculative purposes or to manage its interest rate exposure.

ITEM 8.       FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
       The Partnership's financial statements for the fiscal year ended December 31, 2000, 1999 and 1998, and supplementary data are filed with this Report under Item 14.

ITEM 9.       CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
       There have been no changes in the Partnership's independent public accountants nor have there been any disagreements during the past two fiscal years.


PART III


ITEM 10.       DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
       The Partnership, as an entity, does not have any officers or directors. The General Partner, Genesis Associates Limited Partnership, is a Michigan limited partnership which has two general partners, Uniprop, Inc., the managing General Partner, and Paul M. Zlotoff.
       Information concerning Mr. Zlotoff's age and principal occupations, as well as for other officers of Uniprop, Inc., during the last five years or more is as follows:
       Paul M. Zlotoff, 51, is and has been an individual general partner of Genesis Associates since its inception in November 1986. Mr. Zlotoff became the Chairman of Uniprop, Inc. in May 1986 and was its President from 1979 through 1997. He is also an individual general partner of P.I. Associates Limited Partnership, the general partner of Uniprop Manufactured Housing Communities Income Fund, a public limited partnership which owns and operates four manufactured housing communities. Mr. Zlotoff currently, and in the past, has acted as the general partner for various other limited partnerships owning manufactured housing communities and some commercial properties.
       Charles Soberman, 51, joined Uniprop, Inc. in June 1999 as its Chief Executive Officer and Executive Vice President. Mr. Soberman's responsibilities include supervision of property operations and corporate oversight. Mr. Soberman has a law degree from The Harvard Law School and a M.B.A. from Michigan State University. Mr. Soberman also has a B.A. from the University of Michigan. From 1979 through 1996, he was president of Mercury Paint Company, a manufacturer and retailer of coatings and allied products. From 1996 to 1999 Mr. Soberman was a Senior Lecturer at Wayne State University School of Business Administration.
       Gloria Koster, 47, became Chief Financial Officer of Uniprop, Inc. on January 1, 1998. Previously, Ms. Koster had been Vice President - Finance of Uniprop, Inc. since July 1989. She is responsible for accounting, financial controls, data processing, cash management, financial reporting, budgeting, financing, and tax matters. Prior to joining Uniprop, Inc., Ms. Koster had been with Michigan National Bank for 13 years, most recently as a first vice-president. Ms. Koster has a M.B.A. from the University of Detroit.
       Roger Zlotoff, 40, became Chief Investment Officer of Uniprop, Inc. on October 18, 1999. Mr. Zlotoff is primarily responsible for raising equity capital, managing partnership investments, evaluating acquisitions of existing properties and leading the development process for new properties. From 1997 to 1999, Mr. Zlotoff served as Director of Business Development for Vistana, Inc. in Orlando, FL. Previously, Mr. Zlotoff was Managing Director for Sterling Finance International from 1994 to 1997 and was a corporate banker with First Union National Bank from 1988 to 1994. Mr. Zlotoff received his B.A. from the University of Central Florida as a philosophy major, and received his Masters Degree in International Business from the University of South Carolina.
       Paul M. Zlotoff and Roger Zlotoff are brothers.
ITEM 11.       EXECUTIVE COMPENSATION
       The Partnership has no executive officers and therefore, no officers received a salary or remuneration exceeding $100,000 during the last fiscal year. The General Partner of the Partnership and an affiliate, Uniprop, Inc., received certain compensation and fees during the fiscal year in the amounts described in Item 13. Depending upon the results of operations and other factors, the Partnership anticipates that it will provide similar compensation to the General Partner and Uniprop, Inc. during the next fiscal year.
ITEM 12.       SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
       The Partnership is a limited partnership duly formed pursuant to the Uniform Limited Partnership Act, as amended, of the State of Michigan. The General Partner, Genesis Associates Limited Partnership, is vested with full authority as to the general management and supervision of business and the other affairs of the Partnership, subject to certain constraints in the partnership agreement and consulting agreement. Unit holders and/or Limited Partners have no right to participate in the management of the Partnership and have limited voting privileges only on certain matters of fundamental significance. To the knowledge of the Partnership, no person owns of record or beneficially, more than five percent of the Partnership's Units.
ITEM 13.       CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
       The following discussion describes all of the types of compensation, fees or other distributions paid by the Partnership or others to the General Partner or its affiliates from the operations of the Partnership during the last fiscal year, as well as certain of such items which may be payable during the next fiscal year. Certain of the following arrangements for compensation and fees were not determined by arm's length negotiations between the General Partner, its affiliates and the Partnership.
       Paul M. Zlotoff has an interest in the original sellers of Sunshine Village and Ardmor Village and is entitled to share in a contingent purchase price with respect to each Property, when and if the Properties are sold and the sellers become entitled thereto. The maximum amounts which could be payable to the sellers are as follows: Sunshine Village, $1,108,260 and Ardmor Village, $946,236. The cash purchase price and contingent purchase price for each Property were determined by reference to the average of two independent real estate appraisals which were obtained by the General Partner. Such appraisals are only estimates of value and are not necessarily indicative of the actual real estate value. Each seller will become entitled to any unpaid contingent purchase price upon the sale, financing or other disposition of each such Property, but, only after the receipt by each Unit Holder and Limited Partner of aggregate distributions equal to the sum of (i) his 10% cumulative preferred return plus (ii) 125% of his capital contribution. The actual amounts to be received, if any, will depend upon the results of the Partnership's operations and the amounts received upon the sale, financing or other disposition of the Properties and are not determinable at this time. The Partnership does not anticipate any such amount will become payable during the next fiscal year.
       The Partnership will pay an Incentive Management Interest to the General Partner for managing the Partnership's affairs, including: determining distributions, negotiating agreements, selling or financing properties, preparing records and reports, and performing other ongoing Partnership responsibilities. This incentive management interest is 15% of distributable cash from operations in any quarter. However, in each quarter, the General Partner's right to receive any net cash from operations is subordinated to the extent necessary to first provide each Unit Holder and Limited Partner his 10% cumulative preferred return. During the last fiscal year, the General Partner received no distributions on account of its Incentive Management Interest from operations because distributions were approximately $3,142,000 less than the 10% cumulative preferred return due Unit Holders. Any such amounts of Incentive Management Interest unpaid in a taxable year will be accumulated and paid from distributable cash from capital transactions, but only after each Unit Holder and Limited Partner has first received his 10% cumulative preferred return and 125% of his capital contribution. For 2000, approximately $600,000 was accumulated for the General Partner, and the General Partner's aggregate accumulated Incentive Management Interest as of December 2000 was approximately $7,700,000. The actual Incentive Management Interest from operations to be accumulated or paid during the next fiscal year will depend upon the results of the Partnership's operations and is not determinable at this time. The Partnership does not anticipate any such amount will be distributed to the General Partner during the next fiscal year and will again be accumulated with payment deferred. No distributions of Incentive Management Interest could be made to the General Partner until the 10% cumulative preferred return of approximately $22,006,000, as of December 31, 2000, is first distributed to the Unit Holders. In February of 1994, as part of the 1993 mortgage financing, $23,119,767 was distributed to the Unit Holders, $13,572,978 of which eliminated the Unit Holders' preferred return deficit through December 31, 1993.
       The Partnership must also pay an Incentive Management Interest from capital transactions to the General Partner for its services rendered to the Partnership. The General Partner will be entitled to receive its share of distributable cash from capital transactions after (i) each Unit Holder and Limited Partner has received aggregate distributions in an amount equal to the sum of (a) his 10% cumulative preferred return plus (b) 125% of his capital contribution, (ii) any contingent purchase prices have been paid, and (iii) any property disposition fees to Uniprop, Inc. have been paid. The General Partner's share of distributable cash from capital transactions so payable will be (i) 100% of such distributable cash from capital distributions until the General Partner's share of the aggregate capital distributions made under section 11c(iii) and 11c(v) of the partnership agreement equal 25% and (ii) thereafter, 25% of such distributable cash from capital transactions. No Incentive Management Interest from capital transactions was paid to the General Partner for the fiscal year ended December 31, 2000. The Partnership does not anticipate that any such amounts will be paid or become payable to the General Partner during the next fiscal year.
       Uniprop, Inc. received and will receive property management fees for each Property managed by it. Uniprop, Inc. is primarily responsible for the day-to-day management of the Properties and for the payment of the costs of operating each Property out of the rental income collected. The property management fees are equal to the lesser of 5% of the annual gross receipts from the Properties managed by Uniprop, Inc., or the amount which would be payable to an unaffiliated third party for comparable services. During the last fiscal year, Uniprop, Inc. received the following property management fees totaling $643,765: Ardmor Village, $68,815; Camelot Manor, $61,199; Country Roads, $40,558; Dutch Hills, $51,634; El Adobe, $85,150; Paradise Village, $82,299; Stonegate Manor, $57,877; Sunshine Village, $80,439; and West Valley, $115,794. The actual amounts to be received during the next fiscal year will depend upon the results of the Partnership's operations and are not determinable at this time.
       Certain employees of affiliates of the General Partner were paid an aggregate of $222,181 during 2000 perform local property management, data processing and investor relation services for the Partnership. It is anticipated comparable amounts will be paid in the next fiscal year.


PART IV


ITEM 14.       EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND

The following exhibits are incorporated by reference to the S-11 Registration Statement of the Partnership filed November 12, 1986, as amended on December 22, 1986 and January 16, 1987:
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act
of 1934, Uniprop Manufactured Housing Communities Income Fund II, a Michigan Limited 
Partnership, has duly caused this report to be signed on its behalf by the undersigned, 
thereunto duly authorized.
    Uniprop Manufactured Housing Communities
Income Fund II, a Michigan Limited Partnership
       BY:  Genesis Associates Limited Partnership,
           General Partner
           BY:  Uniprop, Inc., Managing
               General Partner
              By:   /s/ Paul M. Zlotoff
                   Paul M. Zlotoff, Chairman
    Dated: March 30, 2001

Pursuant to the requirements of the Securities Exchange Act of 1934, this report 
has been signed below by the following persons on behalf of the registrant and 
in the capacities and on the dates indicated.

By: /s/ Gloria A. Koster
Gloria A. Koster
(Chief Financial Officer of Uniprop, Inc.)
By: /s/ Paul M. Zlotoff
Paul M. Zlotoff, Chairman of Uniprop, Inc.
(Principal Executive Officer)
Dated: March 30, 2001 Dated: March 30, 2001
   
By: /s/ Susann Szepytowski
Susann Szepytowski
(Controller of Uniprop, Inc.)
 
Dated: March 30, 2001  



EXHIBIT INDEX


EXHIBITNUMBER DESCRIPTION METHOD OF FILING PAGE
2 Mortgage Notes, made on August 20, 1998 between Uniprop Income Fund II and GMACCM Incorporated by reference to the Form 8-K filed on September 8, 1998.  
3(a) Certificate of Limited Partnership for the Partnership Incorporated by reference to the S-11 Registration Statement of the Partnership filed November 12, 1986, as amended on December 22, 1986 and January 16, 1987 (the "Registration Statement").  
3(b) Uniprop Income Fund II Agreement of Limited Partnership Incorporated by reference to the Registration Statement.  
4(a) First Amendment to Uniprop Income Fund II Agreement of Limited Partnership (April 1, 1987) Incorporated by reference to the Registration Statement.  
4(b) Form of Beneficial Assignment Certificate (BAC) for the Partnership (originally filed with Form 10-K for the fiscal year ended December 31, 1987) Incorporated by reference to Form 10-K for fiscal year ended December 31, 1997.  
10(a) Form of Management Agreement between the Partnership and Uniprop, Inc. ncorporated by reference to the Registration Statement.  
10(b) Form of Consulting Agreement among the Partnership, the General Partner and Consultant Incorporated by reference to the Registration Statement.  
10(c) Contingent Purchase Price Agreement with Sunrise Broward Associates, Ltd. (originally filed with Form 10-K for the fiscal year ended December 31, 1987) Incorporated by reference to Form 10-K for fiscal year ended December 31, 1997.  
10(d) Contingent Purchase Price Agreement with Ardmor Associates Limited Partnership (originally filed with Form 10-K for the fiscal year ended December 31, 1987) Incorporated by reference to Form 10-K for fiscal year ended December 31, 1997.  
10(e) Incentive Acquisition Fee Agreement between the Partnership and Uniprop, Inc. (originally filed with Form 10-K for the fiscal year ended December 31, 1987) Incorporated by reference to Form 10-K for fiscal year ended December 31, 1997.  
28 Letter summary of the estimated fair market values of the Partnership's nine manufactured housing communities, as of March 1, 2000. Filed herewith.  








Report of Independent Certified Public Accountants


To the Partners
Uniprop Manufactured Housing
Communities Income Fund II
(a Michigan limited partnership)

We have audited the accompanying balance sheets of Uniprop Manufactured Housing Communities Income Fund II (a Michigan limited partnership), as of December 31, 2000 and 1999, and the related statements of income, partners' equity and cash flows for each of the three years in the period ended December 31, 2000. We have also audited the schedule listed under Item 14 of Form 10-K. These financial statements and the schedule are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements and the schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and the schedule are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and the schedule. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and the schedule. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Uniprop Manufactured Housing Communities Income Fund II at December 31, 2000 and 1999 and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2000 in conformity with accounting principles generally accepted in the United States of America.
Also, in our opinion, the schedule listed under Item 14 of Form 10-K presents fairly, in all material respects, the information set forth therein.
BDO SEIDMAN, LLP        
February 7, 2001





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Balance Sheets


December 31, 2000 1999
Assets    
Property and Equipment (Note 2)    
   Buildings and improvements $50,263,748 $49,776,786
   Land 11,662,525 11,644,103
   Manufactured homes and improvements 1,495,538 1,875,567
   Furniture and equipment 506,322 453,437
  63,928,133 63,749,893
   Less accumulated depreciation 22,262,202 20,587,823
     
Net Property and Equipment 41,665,931 43,162,070
   Cash 3,155,170 2,821,681
   Cash - security deposit escrow 3,155,170 2,821,681
   Unamortized financing costs 578,652 597,528
   Other assets (Note 3) 1,142,806 944,378
  $46,542,559 $47,525,657
     
Liabilities and Partners' Deficit    
   Note payable (Note 2) $29,209,358 $29,572,116
   Accounts payable 179,442 235,098
   Other liabilities (Note 4) 725,874 769,853
Total Liabilities 30,114,674 30,577,067
     
Partners' Equity    
   Unit holders 16,149,566 16,690,170
   General partner 278,319 258,420
Total Partners' Equity 16,427,885 16,948,590
  $46,542,559 $47,525,657





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Statements of Income


Year Ended December 31 2000 1999 1998
Income      
   Rental $12,290,877 $12,091,007 $11,737,284
   Interest 160,100 76,964 183,803
   Other 572,927 550,039 498,549
  13,023,904 12,718,010 12,419,636
Operating Expenses      
   Property operations 5,171,193 5,170,508 5,054,906
   Depreciation and amortization 1,800,948 1,843,213 1,847,177
   Administrative (Note 5) 1,157,307 1,134,947 1,233,734
   Property taxes 1,014,559 992,873 926,797
   Interest 1,890,033 1,935,712 2,425,579
  11,034,040 11,077,253 11,488,193
       
Income Before Extraordinary Item 1,989,864 1,640,757 931,443
Extraordinary Item - Gain on Extinguishment of Debt (Note 2) - - 250,998
       
Net Income $18 $8 $2
   Class B $1,989,864 $1,640,757 $1,182,441
       
Income Per Limited Partnership Unit (Note 7)      
   Income before extraordinary item $0.60 $0.49 $0.28
   Extraordinary item - - 0.08
  $0.60 $0.49 $0.36
       
Distributions Per Limited
Partnership Unit
(Note 8)
$0.76 $0.73 $1.43
       
Number of Limited Partnership
Units Outstanding
3,303,387 3,303,387 3,303,387
       
Net Income Allocable to General Partner (Note 7)      
   Income before extraordinary item 19,899 $16,408 $9,314
   Extraordinary item - - 2,510
  $19,899 $16,408 $11,824
       
Distributions Allocable to General Partner $ - $ - $ -





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Statements of Partners' Equity
Years Ended December 31, 2000, 1999 and 1998


  General Partner Unit Holders Total
Balance, January 1, 1998 $230,188 $21,030,515 $21,260,703
       
Distributions to unit holders - (4,723,832) (4,723,832)
Net income for the year 11,824 1,170,617 1,182,441
       
Balance, December 31, 1998 242,012 17,477,300 17,719,312
       
Distributions to unit holders - (2,411,479) (2,411,479)
Net income for the year 16,408 1,624,349 1,640,757
       
Balance, December 31, 1999 258,420 16,690,170 16,948,590
       
Distributions to unit holders - (2,510,569) (2,510,569)
Net income for the year 19,899 1,969,965 1,989,864
       
Balance, December 31, 2000 $278,319 $16,149,566 $16,427,885





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Statements of Cash Flows


Year Ended December 31, 2000 1999 1998
Cash Flows From Operating Activities      
  Net income $1,989,864 $1,640,757 $1,182,441
  Adjustments to reconcile net income to net
cash provided by operating activities
     
     Depreciation 1,779,936 1,817,941 1,817,628
     Amortization 21,012 25,272 29,549
     Loss (gain) on sale of property and equipment 220,950 (70,903) (188,583)
     Extraordinary item - gain on extinguishment of debt - - (250,998)
     (Increase) decrease in other assets (200,564) 36,968 (365,610)
     Increase (decrease) in accounts payable (55,656) (87,242) 196,277
     Decrease in other liabilities (43,979) (107,143) (343,476)
       
Net Cash Provided By Operating Activities 3,711,563 3,255,650 2,077,228
       
Cash Flows From Investing Activities      
  Purchase of property and equipment (1,723,045) (994,655) (1,422,431)
  Proceeds from sale of property and equipment 1,218,298 833,710 1,183,069
  Proceeds from redemption of investment - - 2,418,891
  Proceeds from redemption of mortgage backed securities - - 1,502,250
  Proceeds from sale of marketable securities - - 875,859
       
Net Cash Provided By (Used In) Investing Activities (504,747) (160,945) 4,557,638
       
Cash Flows From Financing Activities      
     Distributions to unit holders (2,510,569) (2,411,479) (4,723,832)
     Repayments of notes payable (362,758) (343,859) (30,129,025)
     Proceeds from note payable - - 30,000,000
     Payment for financing costs - - (930,247)
       
Net Cash Used In Financing Activities (2,873,327) (2,755,338) (5,783,104)
       
Net Increase In Cash 333,489 339,367 851,762
       
Cash, at beginning of year 2,821,681 2,482,314 1,630,552
       
Cash, at end of year $3,155,170 $2,821,681 $2,482,314





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Notes to Financial Statements


1. Summary of Accounting Policies Organization and Business
  Uniprop Manufactured Housing Communities Income Fund II, a Michigan Limited Partnership (the "Partnership") acquired, maintains, operates and will ultimately dispose of income producing residential real properties consisting of nine manufactured housing communities (the "properties") located in Florida, Michigan, Nevada and Minnesota. The Partnership was organized and formed under the laws of the State of Michigan on November 7, 1986.
  In accordance with its Prospectus dated December 1986, the Partnership sold 3,303,387 units of beneficial assignment of limited partnership interest ("Units") for $66,067,740. The Partnership purchased the properties for an aggregate purchase price of approximately $56,000,000. Three of the properties costing approximately $16,008,000 were previously owned by entities which were affiliates of the general partner.
  The general partner is Genesis Associates Limited Partnership. Uniprop Beneficial Corporation was the initial limited partner who assigned to those persons purchasing units a beneficial limited partnership interest when the minimum number of units were sold.
  Use of Estimates
  The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and (2) revenues and expenses during the reporting period. Actual results could differ from these estimates.
  Fair Values of Financial Instruments
  The carrying amounts of cash and notes payable approximate their fair values.
  Property and Equipment
  Property and equipment are stated at cost. Depreciation is provided using the straight-line method over a period of thirty years except for furniture and equipment which is depreciated over a period ranging from three to ten years.
  Accumulated depreciation for tax purposes was $19,817,204 and $18,414,221 as of December 31, 2000 and 1999, respectively.
  Long-lived assets such as property and equipment are evaluated for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable through the estimated undiscounted future cash flows from the use of these assets. When any such impairment exists, the related assets will be written down to fair value. No impairment loss recognition has been required through December 31, 2000.
  Mortgage-Backed Securities
  In connection with the Partnership's 1993 financing transaction (see Note 2), the Partnership was required to use approximately 5% of its mortgage proceeds to purchase a subordinated portion of the mortgage-backed securities ("Class D Certificates"). These Class D Certificates were not rated, carried a fixed interest rate of 7.5% per annum and were subordinated to the Class A, B and C mortgage certificates issued as part of the aforementioned financing transaction. The Partnership was issued a Class D Certificate in 1993 with a face amount of $1,502,250, which represented cost.
  In 1998, as part of the refinancing of its note payable (see Note 2), the Partnership redeemed the Class D Certificate at cost.
  Financing Costs
  Costs to obtain financing have been capitalized and are amortized using the straight-line method over the 30-year term of the related mortgage note payable.
  Investment
  In 1998, as part of the refinancing of its note payable (see Note 2), the Partnership redeemed the Class R Certificates. As a result, the Partnership recognized a gain of $1,419,896 on the redemption of the certificates, which has been included in the calculation of the extraordinary gain on the extinguishment of debt (see Note 2).
  Revenue Recognition
  Rental income attributable to leases is recorded when due from the lessees.
  Income Taxes
  Federal income tax regulations provide that any taxes on income of a partnership are payable by the partners as individuals. Therefore, no provision for such taxes has been made at the partnership level.
  Recent Accounting Pronouncements
  In June 1998, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards (SFAS) No. 133 "Accounting for Derivative Instruments and Hedging Activities." This statement, which was subsequently amended by SFAS No. 137 and 138, will become effective in fiscal 2001, and will not have any impact on the Partnership's financial statements.
2. Notes Payable In 1998, the Partnership refinanced its outstanding long-term debt by entering into a new note agreement totaling $30,000,000. These borrowings are secured by mortgages on the Partnership's properties. The note is payable in monthly installments of $188,878, including interest at 6.37%, through March, 2009. Thereafter, the monthly installment and interest rate will be adjusted based on the provisions of the agreement through the note maturity date of September 2028.
  In connection with the refinancing, the Partnership recorded a gain in 1998 on the extinguishment of debt of $250,998, which includes the gain on the redemption of the Class R Certificates ($1,419,896), less loan prepayment penalties ($300,450) and the write-off of unamortized financing costs related to the original 1993 financing ($868,448).
  Future maturities on the note payable for the next five years are as follows: 2001 - $392,000; 2002 - $418,000; 2003 - $445,000; 2004 - $470,000; and 2005 - $506,000.
3.Other Assets At December 31, 2000 and 1999, "Other Assets" included cash of approximately $316,000 and $319,000 in an escrow account for property taxes, insurance, and capital improvements, as required by the Partnership's note payable agreement. The cash is restricted from operating use.
  At December 31, 2000 and 1999, "Other assets" also included cash of approximately $216,000 in a security deposit escrow account for three of the Partnership's properties, which is required by the laws of the state in which they are located and is restricted from operating use.
4. Other Liabilities Other liabilities consisted of:
 
December 31, 2000 1999
Tenants' security deposits $558,773 $548,434
Accrued interest 106,066 125,049
Other 61,035 96,370
Total $725,874 $769,853
5. Related Party Transactions Management Agreement
  The Partnership has an agreement with an affiliate of the general partner to manage the properties owned by the Partnership. The management agreement is automatically renewable annually, but may be terminated by either party upon sixty days written notice. The property management fee is the lesser of 5% of annual gross receipts from the properties managed, or the amount which would be payable to an unaffiliated third party for comparable services.
  Fees and Expenses
  During the years ended December 31, 2000, 1999 and 1998, the affiliate earned property management fees of $643,765, $631,175 and $611,741, respectively, as permitted in the Agreement of Limited Partnership. These fees are included with "Administrative" expenses in the respective statements of income. The Partnership was owed $18,635 by the affiliate at December 31, 2000 and owed the affiliate $13,231 at December 31, 1999.
  Certain employees of the Partnership are also employees of affiliates of the general partner. These employees were paid by the Partnership $222,181, $208,593 and $222,949 in 2000, 1999 and 1998, respectively, to perform local property management and investor relations services for the Partnership.
  Contingent Purchase Price
  A general partner of Genesis Associates Limited Partnership has an interest in the sellers of two of the properties acquired by the Partnership and is entitled to share in a contingent purchase price that will not exceed $2,054,000. Additional amounts to be paid, if any, will depend upon the results of the Partnership's operations and the amounts received upon the sale, financing or other disposition of the properties, and are not determinable at this time. The Partnership does not anticipate any such amount will become payable during the next fiscal year.
6. Reconciliation of Financial Statement Income and Taxable Income  
 
Year Ended December 31, 2000 1999 1998
Income per the financial
statements
$1,989,864 $1,640,757 $1,182,441
Adjustments to depreciation
for difference in methods
271,397 158,545 168,071
Adjustments for prepaid
rent, meals and
entertainment
47,582 (7,920) 3,448
Adjustment for LLC income - - (1,106,973)
Income Per the Partner-
ship's Tax Return
$2,308,843 $1,791,382 $246,987
7. Partners' Capital Subject to the orders of priority under certain specified conditions more fully described in the Agreement of Limited Partnership, distributions of partnership funds and allocations of net income from operations are principally determined as follows:
  Distributions
  Distributable cash from operations in the Agreement (generally defined as net income plus depreciation and amortization) is to be distributed to unit holders until they have received a 10% cumulative preferred return. After the unit holders have received their 10% cumulative preferred return, all remaining cash from operations is distributed to the general partner in the form of an incentive management interest until the total amount received by the general partner is equal to 15% of the aggregate amount of cash distributed from operations in a given year. Amounts payable to but not paid to the general partner will be accumulated and paid from future capital transactions after the unit holders have first received their 10% preferred return and 125% of their capital contributions. Thereafter, 85% of distributable cash from operations is to be paid to the unit holders and 15% to the general partner.
  Annual distributable cash from operations was less than the amount required for the annual 10% preferred return to the unit holders by approximately $3,142,000 and $3,240,000 in 2000 and 1999, respectively. No distributions can be made to the general partner until the cumulative preferred return deficit of approximately $22,006,000 has been distributed to the unit holders.
  At December 31, 2000, the general partner's cumulative incentive management interest to be distributed was approximately $7.7 million. The actual amount to be accumulated or paid in the future depends on the results of the Partnership's operations and is not currently determinable; however, no such distribution to the general partner is anticipated during fiscal 2001.
  Allocation of Net Income
  Net income is principally allocated 99% to the unit holders and 1% to the general partner until the cumulative amount of net income allocated to the unit holders equals the aggregate cumulative amount of cash distributable to the unit holders. After sufficient net income has been allocated to the unit holders to equal the amount of cash distributable to them, all the net income is to be allocated to the general partner until it equals the amount of cash distributed to it.
8. Supplemental Cash Flow Information Interest paid during 2000, 1999 and 1998 was approximately $1,909,000, $1,935,000 and $2,531,000, respectively.
9. Interim Results (Unaudited) The following summary represents the unaudited results of operations of the Partnership, expressed in thousands except per unit amounts, for the periods from January 1, 1999 through December 31, 2000:
  Three Months Ended
 
2000 March 31, June 30, September 30, December 31,
Revenues $3,244 $3,251 $3,316 $3,213
Net Income $615 $402 $446 $527
Income Per Limited
Partnership Unit
$0.19 $0.12 $0.13 $0.16
  Three Months Ended
 
1999 March 31, June 30, September 30, December 31,
Revenues $3,198 $3,107 $3,187 $3,226
Net Income $484 $351 $367 $439
Income Per Limited Partnership Unit $0.15 $0.11 $0.11 $0.12





Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Schedule III-Real Estate and Accumulated Depreciation
December 31, 2000




Description Encumbrance Initial Cost
Land
Initial Cost
Buildings and
Improvements
Costs Capitalized
Subsequent to
Acquisition
Land
Costs Capitalized
Subsequent to
Acquisition
Buildings,
Improvements
Ardmor Village
(Lakeville, MN)
$2,833,308 $1,063,253 $4,253,011 $- $983,814
Sunshine Village
(Davie, FL)
4,176,938 1,215,862 4,875,878 - 202,610
Camelot Manor
(Grand Rapids, MI)
3,373,681 918,949 3,681,051 - 648,836
Country Roads
(Jacksonville, FL)
- 636,550 2,546,200 38,106 660,460
Paradise Village
(Tampa, FL)
- 1,760,000 7,040,000 279,053 1,316,495
Dutch Hills
(Haslett, MI)
2,512,005 839,693 3,358,771 41,526 465,916
Stonegate Manor
(Lansing, MI)
2,935,540 930,307 3,721,229 40,552 384,914
El Adobe
(Las Vegas, NV)
5,384,258 1,480,000 5,920,000 39,964 372,017
West Valley
(Las Vegas NV)
7,993,628 2,289,700 9,158,800 89,010 673,746
  $29,209,358 $11,134,314 $44,554,940 $528,211 $5,708,808


Description Gross
Amount
at Which
Carried at Close of Period
Land
Gross
Amount
at Which
Carried at Close of Period
Buildings and Improvements
Gross
Amount
at Which
Carried at Close of Period
Total
Accumulated
Depreciation
Date
Acquired
Life on Which
Depreciation in
Latest Income
Statement is
Computed
Ardmor Village
(Lakeville, MN)
$1,063,253 $5,236,825 $6,300,078 $2,169,071 1987 30 years
Sunshine Village
(Davie, FL)
1,215,862 5,078,488 6,294,350 2,324,246 1987 30 years
Camelot Manor
(Grand Rapids, MI)
918,949 4,329,887 5,248,836 1,897,209 1987 30 years
Country Roads
(Jacksonville, FL)
674,656 3,206,660 3,881,316 1,251,519 1987 30 years
Paradise Village
(Tampa, FL)
2,039,053 8,356,495 10,395,548 3,407,310 1987 30 years
Dutch Hills
(Haslett, MI)
881,219 3,824,687 4,705,906 1,644,059 1987 30 years
Stonegate Manor
(Lansing, MI)
970,859 4,106,143 5,077,002 1,772,926 1987 30 years
El Adobe
(Las Vegas, NV)
1,519,964 6,292,017 7,811,981 2,725,425 1988 30 years
West Valley
(Las Vegas NV)
2,378,710 9,832,546 12,211,256 4,212,095 1988 30 years
  $11,662,525 $50,263,748 $61,926,273 $21,403,860    






Uniprop Manufactured           
Housing Communities Income Fund II          
(a Michigan limited partnership)          

Notes to Schedule III
December 31, 2000


1. Reconciliation of Land The following table reconciles the land from January 1, 1998 to December 31, 2000:
 
  2000 1999 1998
Balance, at January 1 $11,644,103 $11,644,103 $11,644,103
Additions to land 18,422 - -
Balance, at December 31 $11,662,525 $11,644,103 $11,644,103
2. Reconciliation of Buildings and Improvements The following table reconciles the buildings and improvements from January 1, 1998 to December 31, 2000:
 
  2000 1999 1998
Balance, at January 1 $49,776,786 $49,421,935 $49,099,290
Additions to buildings and improvements 720,962 354,851 322,645
Cost of assets sold (234,000) - -
Balance, at December 31 $50,263,748 $49,776,786 $49,421,935
3. Reconciliation of Accumulated Depreciation The following table reconciles the accumulated depreciation from January 1, 1998 to December 31, 2000:
 
  2000 1999 1998
Balance, at January 1 $19,813,467 $18,101,874 $16,399,511
Current year
depreciation expense
1,718,836 1,711,593 1,702,363
Accumulated depreciation
on assets sold
(128,443) - -
Balance, at December 31 $21,403,860 $19,813,467 $18,101,874
4. Tax Basis of Buildings and Improvements The aggregate cost of buildings and improvements for federal income tax purposes is equal to the cost basis used for financial statements purposes.








EXHIBIT 28


UNIPROP INCOME FUND II
2001 PROPERTY APPRAISALS


Cushman & Wakefield has recently completed market value appraisals of Uniprop Income Fund II's nine properties. The table below sets forth certain appraisal information for each property, as well as a comparison to the original cash purchase price: (In $1,000)

Property 3/01
Appraisals
3/00
Appraisals
00/01
Variance
Cash
Purchase
Price
00CPP
Variance
Ardmor Village $7,900 $7,750 1.8% $5,316 48.6%
Camelot Manor 7,100 7,000 1.4% 4,600 54.3%
Country Roads 2,700 2,600 3.7% 3,183 (15.1%)
Dutch Hills 6,200 6,000 3.2% 4,198 47.6%
El Adobe 12,500 12,500 0.0% 7,400 68.9%
Paradise Village 8,800 8,800 0.0% 8,800 0.0%
Stonegate Manor 7,100 7,000 1.4% 4,652 52.6%
Sunshine Village 11,700 11,500 1.7% 6,092 92.0%
West Valley 17,600 17,500 0.5% 11,448 53.7%
Grand Total: $81,600 $80,650 125% $55,689 44.8%


2001 ESTIMATED NET ASSET VALUE OF UNITS

   Based on the March 2001 appraisal of the Partnership's properties, the General Partner has calculated the estimated net asset value of each Unit, based on the following assumptions:
   The estimated net asset value of each unit, assuming the sale of the properties at their present appraised value is $15.12 calculated as follows:

Aggregate appraised value: $81,600,000
Less: Selling Expenses (3.0%) 2,448,000
Mortgage Debt: 29,209,358
Net Sales Proceeds: $49,942,642
Number of Units: 3,303,387
Net Sales Proceeds per unit: $15.12