UNIPROP MANUFACTURED HOUSING COMMUNITIES INCOME FUND II,
A MICHIGAN LIMITED PARTNERSHIP
BALANCE SHEETS
ASSETS	September 30,2004		December 31, 2003
	(Unaudited)
Properties:
Land	$11,666,645		$11,666,645
Buildings And Improvements	51,872,877		51,610,447
Furniture And Fixtures	651,482		628,258
	64,191,004		63,905,350
Less Accumulated Depreciation	28,712,435		27,361,187
	35,478,569		36,544,163
Cash And Cash Equivalents	2,455,429		2,652,394
Unamortized Finance Costs	500,217		515,904
Manufactured Homes & Improvements	1,407,145		1,210,686
Other Assets	1,781,753		1,903,173
Total Assets	$41,623,113		$42,826,320
LIABILITIES & PARTNERS'  EQUITY	September 30,2004		December 31, 2003
	(Unaudited)
Accounts Payable	$189,286		$257,209
Other Liabilities	979,643		702,419
Notes Payable	27,465,360		27,819,236
Total Liabilities	$28,634,289		$28,778,864
Partners' Equity:
General Partner	353,931		341,724
Unit Holders	12,634,893		13,705,732
Total Partners' Equity	12,988,824		14,047,456
Total Liabilities And
Partners' Equity	$41,623,113		$42,826,320
See Notes to Financial Statements
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