<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1994 AND IS QUALIFIED IN ITS ENTIREY BY REFERENCE TO SUCH FINANCIAL STATEMENTS </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 1,114,770 <SECURITIES> 0 <RECEIVABLES> 23,405 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 2,464,214 <PP&E> 74,371,223<F1> <DEPRECIATION> (35,369,432)<F2> <TOTAL-ASSETS> 42,604,180 <CURRENT-LIABILITIES> 4,751,341 <BONDS> 47,390,488<F3> <COMMON> (9,537,649)<F4> <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 42,604,180 <SALES> 13,652,413 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,124,938<F5> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,977,689 <INCOME-PRETAX> (1,450,214) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,450,214) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,450,214) <EPS-PRIMARY> 0<F6> <EPS-DILUTED> 0<F6> <FN> <F1>Includes apartment complexes of $73,325,592 & deferred expenses of $1,045,631. <F2>Includes depreciation of 34,905,809 & amortization of $463,623. <F4>Represents total deficit of general partners and limited partner of $(399,400) and $(4,138,249), respectively. <F3>Represents mortgage notes payable. <F5>Includes operating expenses $5,601,775, real estate tax expense $2,101,222, & depreciation and amortization of $ 3,421,941. <F6>Net loss allocated $(14,502) to the G.P.'s and $(1,435,712) to the L.P.'s for the 12 months ended 12/31/94. Average net income per unit of L.P. interest is $(40.79) on 35,200 units outstanding. </FN>