UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	March 31,2004		December 31, 2003
	(Unaudited)
Properties:
Land	$11,666,645		$11,666,645
Buildings And Improvements	51,726,764		51,610,447
Furniture And Fixtures	636,152		628,258
	64,029,561		63,905,350
Less Accumulated Depreciation	(27,810,083)		(27,361,187)
	36,219,478		36,544,163
Cash And Cash Equivalents	2,421,835		2,652,394
Unamortized Finance Costs	510,675		515,904
Manufactured Homes and Improvements	1,400,554		1,210,686
Other Assets	1,767,566		1,903,173
Total Assets	$42,320,108		$42,826,320
LIABILITIES & PARTNERS EQUITY	March 31,2004		December 31, 2003
	(Unaudited)
Accounts Payable	$220,349		$257,209
Other Liabilities	734,962		702,419
Notes Payable	27,699,974		27,819,236
Total Liabilities	28,655,285		28,778,864
Partners' Equity:
General Partner	345,495		341,724
Unit Holders	13,319,328		13,705,732
Total Partners' Equity	13,664,823		14,047,456
Total Liabilities And
Partners' Equity	$42,320,108		$42,826,320
See Notes to Financial Statements
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