UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K-A
AMENDMENT NO. 1
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1994
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
Commission file number 0-14377
Krupp Realty Limited Partnership-VII
(Exact name of registrant as specified in its charter)
Massachusetts 04-2842924
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
470 Atlantic Avenue, Boston, Massachusetts 02210
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code)(617) 423-233
This amendment is being filed to submit the Financial Data
Schedule.
<PAGE>
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, on the
21th day of April, 1995.
KRUPP REALTY LIMITED PARTNERSHIP-VII
By: The Krupp Corporation, a General
Partner
By: /s/Marianne Pritchard
Treasurer and Chief Accounting Officer
The Krupp Corporation, a General Partner
<TABLE> <S> <C>
<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>
<S> <C>
<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>
0
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>
</TABLE>
