<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>