| UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II, | |||||||
| A MICHIGAN LIMITED PARTNERSHIP | |||||||
| BALANCE SHEETS | |||||||
| ASSETS | September 30,2001 | December 31, 2000 | |||||
| (Unaudited) | |||||||
| Properties: | |||||||
| Land | $11,662,525 | $11,662,525 | |||||
| Buildings And Improvements | 50,489,801 | 50,263,748 | |||||
| Furniture And Fixtures | 546,358 | 506,322 | |||||
| Manufactured Homes and Improvements | 1,396,755 | 1,495,538 | |||||
| 64,095,439 | 63,928,133 | ||||||
| Less Accumulated Depreciation | 23,570,810 | 22,262,202 | |||||
| 40,524,629 | 41,665,931 | ||||||
| Cash And Cash Equivalents | 4,039,190 | 3,155,170 | |||||
| Unamortized Finance Costs | 562,893 | 578,652 | |||||
| Other Assets | 1,088,873 | 1,142,806 | |||||
| Total Assets | $46,215,585 | $46,542,559 | |||||
| LIABILITIES & PARTNERS' EQUITY | September 30,2001 | December 31, 2000 | |||||
| (Unaudited) | |||||||
| Accounts Payable | $183,497 | $179,442 | |||||
| Other Liabilities | 1,037,328 | 725,874 | |||||
| Notes Payable | 28,919,278 | 29,209,358 | |||||
| Total Liabilities | $30,140,103 | $30,114,674 | |||||
| Partners' Equity: | |||||||
| General Partner | 294,946 | 278,319 | |||||
| Unit Holders | 15,780,536 | 16,149,566 | |||||
| Total Partners' Equity | 16,075,482 | 16,427,885 | |||||
| Total Liabilities And | |||||||
| Partners' Equity | $46,215,585 | $46,542,559 | |||||
| See Notes to Financial Statements | |||||||
| 3 | |||||||