MULTIVEST REAL ESTATE FUND LTD SERIES IV
10-Q/A, 1995-06-29
REAL ESTATE INVESTMENT TRUSTS
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                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549

                               FORM 10-Q AMENDMENT 1
(Mark One)

  x   Quarterly report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934 for the Quarterly period ended March 31, 1995 or



      Transition report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934 for the transition period from      to               


    
Commission file number    0-6701 



                    MULTIVEST REAL ESTATE FUND, LTD., SERIES IV
              (Exact name of registrant as specified in its charter)



            Michigan                                  38-6239993     
(State or other jurisdiction of                     (IRS Employer
incorporation or organization)                   Identification No.)



6100 Glades Road, Suite 205
Boca Raton, Florida                                     33434         
(Address of principal executive offices)             (Zip Code)


                                                                                
                                (407) 487-6700                   
               (Registrant's telephone number, including area code)


                                                                                
(Former name, former address and former fiscal year, if changed since last
 report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such report), and (2) has been subject to such filing
requirements for the past 90 days.


                                                 Yes   x    No      




  7<PAGE>
                   MULTIVEST REAL ESTATE FUND, LTD., SERIES IV
                             (a Michigan limited partnership)
                                      March 31, 1995




PART II - OTHER INFORMATION


Item 6.   Exhibits and Report on Form 8-K

          (a) Exhibits:
              (i) Exhibit 27 - Financial Data Schedule


          (b) No report on Form 8-K has been filed during the quarter ended
              March 31, 1995.
          
          


                                        SIGNATURES
   

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                       MULTIVEST REAL ESTATE FUND, LTD.,
                                       Series IV, a Michigan Limited
                                       Partnership,                    
                                                 (Registrant)

                                       By:   MULTIVEST REAL ESTATE, INC. 
                                             a Delaware corporation
                                       Its:  Corporate General Partner

                                             RICHARD L. DAVIS

Date: June 22, 1995                                                     
                                             Richard L. Davis
                                             President -
                                             Chief Executive Officer


                                             JOHN J. KAMMERER    

Date: June 22, 1995                                                           
                                             John J. Kammerer
                                             Principal Accounting Officer








<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                           5,475
<SECURITIES>                                 3,145,530
<RECEIVABLES>                                6,707,782
<ALLOWANCES>                                   525,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                               330,199
<PP&E>                                       3,623,801
<DEPRECIATION>                               2,042,846
<TOTAL-ASSETS>                               8,223,138
<CURRENT-LIABILITIES>                          649,371
<BONDS>                                      3,960,597
<COMMON>                                             0
                                0
                                          0
<OTHER-SE>                                   3,613,170
<TOTAL-LIABILITY-AND-EQUITY>                 8,223,138
<SALES>                                              0
<TOTAL-REVENUES>                               403,867
<CGS>                                                0
<TOTAL-COSTS>                                  212,620
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             101,857
<INCOME-PRETAX>                                  5,113
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              5,113
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,113
<EPS-PRIMARY>                                      .13
<EPS-DILUTED>                                        0
        

</TABLE>


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