[ARTICLE] 5 [LEGEND] THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANICAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. [/LEGEND] [PERIOD-TYPE] 12-MOS [FISCAL-YEAR-END] DEC-31-1994 [PERIOD-END] DEC-31-1994 [CASH] 1,130,737 [SECURITIES] 0 [RECEIVABLES] 144,533 [ALLOWANCES] 0 [INVENTORY] 0 [CURRENT-ASSETS] 410,975 [PP&E] 28,232,075<F1> [DEPRECIATION] (11,581,337)<F2> [TOTAL-ASSETS] 18,336,983 [CURRENT-LIABILITIES] 762,988 [BONDS] 12,912,152<F3> [COMMON] 4,661,843<F4> [PREFERRED-MANDATORY] 0 [PREFERRED] 0 [OTHER-SE] 0 [TOTAL-LIABILITY-AND-EQUITY] 18,336,983 [SALES] 4,286,787 [TOTAL-REVENUES] 4,286,787 [CGS] 0 [TOTAL-COSTS] 0 [OTHER-EXPENSES] 3,466,002<F5> [LOSS-PROVISION] 0 [INTEREST-EXPENSE] 1,230,723 [INCOME-PRETAX] (409,938) [INCOME-TAX] 0 [INCOME-CONTINUING] (409,938) [DISCONTINUED] 0 [EXTRAORDINARY] 0 [CHANGES] 0 [NET-INCOME] (409,938) [EPS-PRIMARY] 0<F6> [EPS-DILUTED] 0<F6> <FN> <F1>Includes apartment complexes of $18,330,162, retail center of $9,621,232 & deferred expenses of $280,681. <F2>Includes depreciation of $11,561,799 & amortization of deferred expenses of $19,538. <F3>Represents mortgage notes payable <F4>Represents total equity of general partners and limited partners of ($223,936) & $4,885,779, respectively. <F5>Includes operating expenses of $1,767,300, real estate tax expense $404,887 & depreciation & amortization $1,293,815. <F6>Net loss allocated ($4,099) to G.P.'s & ($405,839) to L.P.'s for the year ended 12/31/94. Average net income per unit of L.P. interest is ($14.93) on 27,184 units outstanding. </FN>