UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	September 30,2003		December 31, 2002
	(Unaudited)		(Audited)
Properties:
Land	$11,666,645		$11,647,745
Buildings And Improvements	51,528,902		51,212,057
Furniture And Fixtures	623,085		616,662
	63,818,632		63,476,464
Less Accumulated Depreciation	26,894,510		25,618,711
	36,924,122		37,857,753
Cash And Cash Equivalents	3,025,734		3,118,034
Unamortized Finance Costs	521,133		536,820
Manufactured Homes & Improvements	1,424,872		1,110,202
Other Assets	1,690,656		1,508,047
Total Assets	$43,586,517		$44,130,856
LIABILITIES & PARTNERS'  EQUITY	September 30,2003		December 31, 2002
	(Unaudited)		(Audited)
Accounts Payable	$366,058		$178,328
Other Liabilities	977,503		704,535
Notes Payable	27,936,663		28,273,124
Total Liabilities	$29,280,224		$29,155,987
Partners' Equity:
General Partner	336,715		320,607
Unit Holders	13,969,578		14,654,262
Total Partners' Equity	14,306,293		14,974,869
Total Liabilities And
Partners' Equity	$43,586,517		$44,130,856
See Notes to Financial Statements
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