<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS FOR THE QUARTER ENDED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <CASH> 1,197,943 <SECURITIES> 0 <RECEIVABLES> 72,935 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,452,228 <PP&E> 73,446,110<F1> <DEPRECIATION> (34,483,633)<F2> <TOTAL-ASSETS> 42,685,583 <CURRENT-LIABILITIES> 4,490,229 <BONDS> 47,530,366<F3> <COMMON> (9,335,012)<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 42,685,583 <SALES> 10,166,212 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,422,543<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,991,246 <INCOME-PRETAX> (1,249,577) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,247,577) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,247,577) <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $72,400,479 & deferred expenses of $1,045,631. <F2>Includes depreciation of 434,041,323 & amortization of $442,310. <F3>Represents mortgage notes payable. <F4>Represents total equity of general partners and limited partner of $(397,374) and $(8,937,638), respectively. <F5>Includes operating expenses $4,330,439, real estate tax expense $1,555,962, & depreciation and amortization of $2,536,142. <F6>Net loss allocated $(12,476) to the G.P.'s and $(1,245,101) to the L.P.'s for the 9 months ended 9/30/94. Average net income per unit of L.P. interest is $(35.09) on 35,200 units outstanding. </FN>