UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	June 30, 2004		December 31, 2003
	(Unaudited)
Properties:
Land	$11,666,645		$11,666,645
Buildings And Improvements	51,790,589		51,610,447
Furniture And Fixtures	648,872		628,258
	64,106,106		63,905,350
Less Accumulated Depreciation	28,260,209		27,361,187
	35,845,897		36,544,163
Cash And Cash Equivalents	2,427,152		2,652,394
Unamortized Finance Costs	505,446		515,904
Manufactured Homes and Improvements	1,469,762		1,210,686
Other Assets	1,815,619		1,903,173
Total Assets	$42,063,876		$42,826,320
LIABILITIES & PARTNERS EQUITY	June 30, 2004		December 31, 2003
	(Unaudited)
Accounts Payable	$154,266		$257,209
Other Liabilities	936,526		702,419
Notes Payable	27,583,636		27,819,236
Total Liabilities	28,674,428		28,778,864
Partners' Equity:
General Partner	350,339		341,724
Unit Holders	13,039,109		13,705,732
Total Partners' Equity	13,389,448		14,047,456
Total Liabilities And
Partners' Equity	$42,063,876		$42,826,320
See Notes to Financial Statements
3