U  N  I  T  E  D             S  T  A  T  E  S

                        SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C. 20549

                                   FORM 10-K
   (Mark One)

             ANNUAL REPORT PURSUANT TO SECTION 13  OR 15(d) OF THE  SECURITIESx
             EXCHANGE ACT OF 1934 [FEE REQUIRED]

   For the fiscal year ended       December 31, 1995                 

                                        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              0-14393                        


   Krupp Cash Plus Limited Partnership
   (Exact name of registrant as specified in its charter)

   Massachusetts                 04-2865878

   (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) 423-2233 

   Securities registered pursuant to Section 12(b) of the Act:  None

   Securities registered pursuant to Section 12(g) of the Act:
   Depositary  Receipts  representing   Units  of  Investor  Limited   Partner
   Interests

   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  reports),  and  (2) has  been
   subject to  such filing requirements for the past 90 days.  Yes   X    No  

   Indicate by check mark if  disclosure of delinquent filers pursuant to Item
   405 of  Regulation S-K is not contained herein, and will  not be contained,
   to the  best of registrant's knowledge,  in definitive proxy or information
   statements incorporated  by reference in Part  III of this Form 10-K or any
   amendment to this Form 10-K. [  ].

   Aggregate market  value of  voting securities held by  non-affiliates:  Not
   applicable, since securities are nonvoting.

   Documents incorporated by reference:  Part IV Item 14

   The exhibit index is located on pages 10-12.
   <PAGE>
                                      PART I

   ITEM 1.  BUSINESS

   Krupp  Cash Plus  Limited  Partnership (the  "Partnership")  was  formed on
   April  30, 1985  by filing  a  Certificate of  Limited Partnership  in  The
   Commonwealth  of  Massachusetts.    The  Krupp Corporation  and  The  Krupp
   Company   Limited  Partnership-IV   are   the   General  Partners   of  the
   Partnership.    Krupp  Depositary  Corporation  is  the  Corporate  Limited
   Partner.  For details, see Note A to  Financial Statements included in Item
   8 (Appendix A) of this report.

   On  July  12,  1986 the  Partnership commenced  the  marketing and  sale of
   4,000,000 units of Depositary Receipts ("Units")  for a maximum offering of
   $80,000,000.  The Partnership raised $79,934,364 from its public  offering.
   The Partnership invested the net proceeds from the  offering in a portfolio
   of unleveraged real  estate (see Item 2  - Properties) and mortgage  backed
   securities ("MBS") issued by  the Government National  Mortgage Association
   ("GNMA") or the Federal Home Loan  Mortgage Corporation ("FHLMC") (see Note
   D to  Financial  Statements,  included  in  Item  8 (Appendix  A)  to  this
   report).    The Partnership  considers itself  to  be  engaged only  in the
   industry segment of investment in real estate and related assets.

   The  Partnership's real  estate investments  are subject  to some  seasonal
   fluctuations,  resulting  from  changes in  utility  consumption,  seasonal
   maintenance expenditures and changes in retail  rental income based on  the
   percentage of  tenant gross receipts.   However, the  future performance of
   the Partnership will depend  upon factors which cannot be predicted.   Such
   factors  include general  economic and real estate  market conditions, both
   on a national basis and in those areas where the Partnership's real  estate
   investments are located, the credit worthiness  of GNMA and FHLMC, interest
   rates,  real estate  taxes,  operating  expenses, energy  costs, government
   regulations  and federal and state  income tax laws.   The requirements for
   compliance with federal, state  and local regulations to date have not  had
   an adverse  effect on the Partnership's  operations, and  no adverse effect
   therefrom is anticipated in the future.

   The  Partnership's investments  in real  estate  are  also subject  to such
   risks as (i)  competition from existing and  future projects held by  other
   owners  in the  locations of  the  Partnership's properties,  (ii) possible
   reduction in rental  income due to an  inability to maintain high occupancy
   levels, the  financial failure  of  a  tenant or  the inability  of  retail
   tenants to  achieve  gross sales  at  a  level  sufficient to  provide  for
   additional  rental income based  on a  percentage of  sales, (iii) possible
   adverse  changes  in  general  economic  and   local  conditions,  such  as
   competitive over-building, increases in  unemployment or adverse changes in
   real estate  zoning  laws, and  (iv)  other  circumstances over  which  the
   Partnership may have little or no control.

   As of December 31,  1995, there were 6 full and part-time on-site personnel
   employed by the Partnership.

   ITEM 2.  PROPERTIES

   As  of December 31,  1995, the  Partnership had  unleveraged investments in
   three retail  centers containing  an aggregate  of 613,929  square feet  of
   leasable area.   Additional detailed information with respect to individual
   properties can be  found in Schedule  III included  in Appendix  A of  this
   report.

   <PAGE>

   A summary of the Partnership's real estate investments is presented below.
<TABLE>
<CAPTION>
                                                                  Average Occupancy
                                                Current            For Year Ended
                                    Year of     Leasable             December 31,
            Description           Acquisition Square Footage  1995  1994 1993 1992 1991

            Retail Centers

            Luria's Plaza
            <S>                      <C>         <C>           <C>  <C>   <C> <C>  <C>
            Vero Beach, Florida      1985        156,526       97%  97%   74% 82%  82%

            High Point National
            Furniture Mart
            High Point, 
            North Carolina           1986        242,124      100%  99%  100% 99%  97%

            Tradewinds Shopping 
            Center
            Hanover Park,
            Illinois                 1986        215,279       93%  92%   89% 89%  79%
</TABLE>
   There were  no tenants  at any of the  properties occupying 10% or  more of
   the Partnership's leasable space as of December 31, 1995.

   ITEM 3.  LEGAL PROCEEDINGS

   There are  no material pending legal  proceedings to  which the Partnership
   is a party.

   ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

               None.

                                     PART II

   ITEM 5.  MARKET FOR THE REGISTRANT'S COMMON  EQUITY AND RELATED STOCKHOLDER

            MATTERS 

   There is no public market for  the Units and it is not anticipated that any
   such public  market will  develop.   The transfer  of Units  is subject  to
   certain limitations contained in the Partnership Agreement.

   The number of Investor Limited Partners  ("Unitholders") as of December 31,
   1995 was approximately 5,400.

   The  Partnership has  made  the  following  distributions to  its  Partners
   during the years ended December 31, 1995 and 1994.

            <PAGE>
<TABLE>
<CAPTION>
                                                    Year Ended December 31,           
                                                   1995                 1994          
                                             Amount   Per Unit     Amount    Per Unit
            Limited Partners:

              Unitholders
              <S>                         <C>            <C>    <C>            <C>
              (4,000,000 Units)           $2,185,519     $.55   $2,189,926     $.54

              Corporate Limited Partner
              (100 Units)                         55     $.55           54     $.54

            General Partners                  47,657               (13,174)
                                          $2,233,231            $2,176,806
</TABLE>
   One  of  the  objectives of  the  Partnership  is  to  make  partially  tax
   sheltered  distributions  of  cash  flow  generated  by  the  Partnership's
   properties and MBS.   However, there is no assurance that future operations
   will continue to generate sufficient  cash to maintain the current level of
   distributions  and to  provide  sufficient  liquidity for  the Partnership.
   The Partnership pays an approximate $.14  per Unit per quarter distribution
   to its investors.


   ITEM 6.     SELECTED FINANCIAL DATA

   The  following  table  sets  forth  selected  financial  information
   regarding the
   Partnership's financial position and  operating results.  This information
   should be
   read  in conjunction with Management's Discussion and Analysis of Financial
   Condition
   and Results of  Operations and the Financial Statements  and Supplementary
   Data which
   are included in Items 7 and 8 (Appendix A) of this report, respectively.
  <PAGE>
<TABLE>
<CAPTION>
                                        1995        1994         1993        1992        1991   

            <S>                     <C>         <C>          <C>         <C>          <C>
            Total revenue           $ 6,437,319 $ 6,040,901  $ 5,943,882 $ 6,027,514  $6,105,605


            Net income               1,423,555      951,907    1,321,637   1,311,674   1,506,460

            Net income allocated
              to Partners:
             
              Unitholders            1,395,049      932,846    1,295,173   1,285,409   1,476,294
               Per Unit                    .35          .23          .32         .32         .37

              Corporate Limited
               Partner                      35           23           32          32          37

              General Partners           28,471      19,038       26,432      26,233      30,129

            Total assets at
             December 31             38,718,523  39,906,159   41,984,742  42,683,188  44,330,565

            Distributions to Partners:
              Unitholders             2,185,519   2,189,926    2,911,583   2,915,681   3,640,410

               Per Unit (a)                 .55         .54          .73         .73         .91

            Corporate Limited
                Partner                      55          54           73          73          91

               General Partners          47,657     (13,174)     17,636      49,174       55,478

</TABLE>
   (a)        During 1995,  1994, 1993,  1992 and 1991, the  average per  Unit
              return  of capital to  the Unitholders was $0,  $.11, $.68, $.07
              and $.21, respectively

   Item 7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL  CONDITION AND
              RESULTS OF OPERATIONS

   Liquidity and Capital Resources

   The Partnership's  ability to generate cash  adequate to meet  its needs is
   dependent primarily  upon the  operations of its  real estate  investments.
   Liquidity is also  generated by the MBS  portfolio.  The Partnership  holds
   MBS that are  guaranteed by GNMA and FHLMC.  The principal risks in respect
   of MBS are the  credit worthiness of  GNMA and FHLMC and the risk  that the
   current value  of any  MBS may  decline as a  result of  changes in  market
   interest  rates.  The  General   Partners believe that the  risk is minimal
   due  to the  fact  that  the Partnership  has  the ability  to  hold  these
   securities  to maturity.   The  Partnership's  sources of  future liquidity
   will be  used for  payment of expenses  related to real  estate operations,
   capital  expenditures  including   tenant  build-outs  to  secure   quality
   tenants,  and  other  administrative  expenses.    Cash  Flow,  if  any, as
   calculated  under Section  17 of  the  Partnership  Agreement will  then be
   available for distribution to the Partners.

   <PAGE>
   The Partnership's retail  centers continue to  have a relatively consistent
   level of operating results.  However,  to attain these results,  management
   has found  it necessary to fund a significant portion  of tenant build-outs
   to secure quality tenants in the Partnership's retail centers.  

   The Partnership has ongoing  improvements which are  necessary at Highpoint
   National  Furniture Mart to  reconfigure space  for new  tenants and comply
   with present  building code  standards.   During 1995,  two  floors of  the
   building were  renovated.   The remaining  improvements at  High Point  are
   anticipated to  be completed  in 1996.   The  refurbished show-room  spaces
   have enabled the Partnership to command higher rents.

   Management  is currently  evaluating leasing  issues  at Tradewinds.    One
   17,770 square  foot tenant's lease will be terminated in  1996.  Management
   is working on finding a new tenant for this space  and is negotiating  with
   one of the anchor tenants in regards to a possible expansion in 1996.   The
   cost  of the  expansion  would  be split  between the  Partnership  and the
   tenant.   In 1995,  the facade  at Tradewinds  was completely  renovated in
   order to remain competitive against newer centers.

   In  order to  continue to  fund the capital  improvements noted  above, the
   General  Partners have  determined that  retaining the  current  annualized
   distribution  rate   of  approximately  $0.55   per  Unit  will  allow  the
   Partnership to  maintain adequate  reserves to  fund the  necessary capital
   improvements.

   Distributable Cash Flow and Net Cash Proceeds from Capital Transactions

   Shown  below is the  calculation of  Distributable Cash  Flow and  Net Cash
   Proceeds  from  Capital  Transactions  as  defined  by  Section  17  of the
   Partnership Agreement,  and the source of  cash distributions  for the year
   ended December  31,  1995  and  from the  Partnership's  inception  through
   December  31,  1995.    The  General   Partners  provide  certain  of   the
   information   below to meet requirements  of the  Partnership Agreement and
   because they  believe that  it is  an appropriate  supplemental measure  of
   operating  performance.   However, Distributable  Cash  Flow and  Net  Cash
   Proceeds From Capital Transactions should not  be considered by the  reader
   as a  substitute  to  net  income, as  an  indicator of  the  Partnership's
   operating performance or to cash flows as a measure of liquidity.

                 <PAGE> 
<TABLE>
<CAPTION>
                                                 (In $1,000's except per Unit amounts)
                                                       For the Year     Inception to
                                                     Ended December 31, December 31,
                                                            1995            1995    
            Distributable Cash Flow:

            <S>                                          <C>            <C>
            Net income for tax purposes                  $ 1,834        $ 21,940 
            Items not requiring or (not providing) 
              the use of operating funds:
              Tax basis depreciation and amortization      1,681          16,508
              Interest income on note receivable            -               (371)
              Gain on sale of assets                        -             (1,686)
              Additions to fixed assets                   (1,096)         (7,900)
              Cash from vacancy guarantee on 
               Luria's Plaza                                -                873
              Fixed asset additions funded from cash 

               reserves                                     -                865
              Operating reserve for fixed asset 
               additions                                    -             (1,070)

              Total Distributable Cash Flow ("DCF")      $ 2,419        $ 29,159

              Limited Partners' Share of DCF             $ 2,371        $ 28,575
             
              Limited Partners' Share of DCF per Unit    $   .59        $   7.14
                                                                
              General Partners' Share of DCF             $    48        $    583

            Net Proceeds from Capital Transactions:

              Principal collections on MBS, net          $   576        $ 14,453 
              Proceeds from sale of MBS                      -            19,018
              Net proceeds from sale of property 
               including interest on mortgage                
               note receivable                               -             1,208
              Mortgage note                                  -             7,150
              Reinvestment of MBS principal 
               collections                                   -           (16,141)

              Total Net Proceeds from Capital 
               Transactions                              $   576        $ 25,688

            Distributions:

            Limited Partners                             $ 2,205(a)     $ 53,797(a)(c)
            Limited Partners' Average per Unit           $   .55(a)     $  13.45(a)(b)(c)
            General Partners                             $    47(a)     $    582(a)(b)
             
              Total Distributions                        $ 2,252(a)     $ 54,379(b)
</TABLE>
   (a)    Includes  an estimate  of the  distribution to  be paid  in February
          1996.

   (b)    Includes  a  $7,150,000   note  which  was   distributed  from   the
          Partnership  to   the  Evergreen  Plaza  Note-Holding   Trust  whose
          beneficiaries were the  Partnership's Unitholders on  record on  May
          31, 1990.
   <PAGE>
   (c)    Limited  Partners' average per Unit return of capital as of February
          1996 is $6.31 [$13.45 - $7.14].
   Operations

   1995 Compared to 1994

   The  Partnership  experienced  increased  rental  revenue  during  1995  as
   compared  to 1994.    The  renovations  at  High  Point  have  enabled  the
   Partnership  to receive  higher rents  from  the  refurbished floors.   The
   renovated and  expanded Cobb  Theater, a  major tenant  located at  Luria's
   Plaza,  was reopened in  February 1994  with six new screens.   The theater
   expansion has  attracted new  tenants and  enabled the  center to  maintain
   high occupancy and command higher rents and lease renewals.

   MBS interest  income decreased  in 1995 as  compared to 1994  due to  lower
   average MBS  balances in 1995 versus  1994 caused  by principal repayments.
   Interest  income  on short  term  investments  increased during  this  same
   period due to higher average cash balances.

   Operating  and general  and administrative  expenses decreased  in  1995 as
   compared  to  1994  due to  management's  efforts  to  reduce  reimbursable
   operating costs.   Also, operating expenses  decreased in  1995 as compared
   to 1994 due to decreases in payroll and insurance expense as a  result of a
   favorable claim history.

   Real estate  taxes decreased  in 1995  as compared  to 1994 due  to refunds
   received for prior  year's real estate  taxes at Tradewinds and  a decrease
   in the  property's assessed value.   These decreases  were partially offset
   by an  increase in the  taxes at Luria's  Plaza due  to an increase  in the
   assessed value of the property following the theater expansion.

   Management fees increased in  1995 as compared to 1994 due to higher rental
   income being generated by the three properties.

   Depreciation  expense  increased  in   conjunction  with  the  fixed  asset
   expenditures in 1995 and 1994.

   1994 Compared to 1993

   The  Partnership  experienced  increased  rental  revenues  during 1994  as
   compared  to 1993.  The  renovations at High Point  enabled the Partnership
   to command higher rents  and secure quality tenants.  The expanded  theater
   at Luria's  opened in  February  1994 and  has  had  a positive  impact  on
   occupancy.  Occupancy increased  at Luria's from  74% at December 31,  1993
   to 97%  at December 31,  1994.   In addition to the  theater expansion, all
   the buildings  at Luria's  were painted  to match  the theater.   This  has
   enhanced the attractiveness  of the property.   In spite of competition  by
   new  centers, Tradewinds also   experienced  a slight  increase in revenues
   over 1993.

   MBS interest income decreased  during 1994 as compared to 1993 as a  result
   of  lower  average  balances caused  by  scheduled  and  prepaid  principal
   collections on the MBS portfolio.  

   Operating  expenses  increased  in  1994  as   compared  to  1993  due   to
   significant  snow removal at Tradewinds, roof repairs,  and air conditioner
   repairs  in  1994.    Also,  the   enlarged  theater  at  Luria's  required
   additional security. 
 <PAGE>
   Operating expenses  for 1993 are  low as they  include a  utility refund of
   $35,000. 

   Real estate taxes increased in 1994 as compared  to 1993 as a result of tax
   refunds received in 1993 of $83,000.  

   Depreciation increased  in  conjunction with  the increase  in fixed  asset
   expenditures in 1993 and 1994.

   General

          In  accordance   with  Financial   Accounting  Standards  No.   121,
   "Accounting  for the  Impairment of  Long-Lived  Assets and  for Long-Lived
   Assets to Be Disposed  Of", which is  effective for fiscal years  beginning
   after  December 15,  1995, the  Partnership  has implemented  policies  and
   practices for assessing impairment of its real estate assets.

          The investments in properties  are carried at cost less  accumulated
   depreciation unless  the General  Partners believe there  is a  significant
   impairment  in value, in which  case a provision  to write down investments
   in properties to fair value will be charged against income.  At this  time,
   the General Partners do not believe that any  assets of the Partnership are
   significantly impaired.

   ITEM 8.   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

             See Appendix A to this report.

   ITEM 9.   CHANGES IN AND  DISAGREEMENTS WITH ACCOUNTANTS ON  ACCOUNTING AND
             FINANCIAL DISCLOSURE

             None.                  PART III 

   ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

   The Partnership has no  directors or executive officers.  Information as to
   the directors and executive officers of  The Krupp Corporation, which  is a
   General  Partner of  both the  Partnership  and  The Krupp  Company Limited
   Partnership-IV  (the  other  General  Partner  of  the Partnership)  is  as
   follows:

                                           Position with
             Name and Age                  The Krupp Corporation

             Douglas Krupp (49)            Co-Chairman of the Board
             George Krupp (51)             Co-Chairman of the Board
             Laurence Gerber (39)          President
             Robert A. Barrows (38)        Senior Vice President and
                                           Corporate Controller

      Douglas  Krupp is  Co-Chairman and  Co-Founder of  The Berkshire  Group.
   Established  in 1969 as  the Krupp  Companies, this  real estate-based firm
   expanded over the years within its  areas of expertise including investment
   program sponsorship,  property  and  asset  management,  mortgage  banking,
   healthcare facility  ownership and the management  of the  Company.  Today,
   The Berkshire Group is an integrated  real estate, mortgage and  healthcare
   company
 <PAGE>
   which  is  headquartered in  Boston  with  regional offices  throughout the
   country.  A staff  of approximately 3,400 are responsible for the more than

   $4 billion under management for institutional  and individual clients.  Mr.
   Krupp is  a graduate of Bryant  College.  In 1989  he received an  honorary
   Doctor of Science in Business Administration  from this institution and was
   elected trustee in 1990. Mr. Krupp is Chairman of  the Board and a Director
   of Berkshire  Realty Company,  Inc. (NYSE-BRI).   George  Krupp is  Douglas
   Krupp's brother.

      George Krupp is the Co-Chairman and  Co-Founder of The Berkshire  Group.
   Established  in 1969 as  the Krupp  Companies, this  real estate-based firm
   expanded over the years within its  areas of expertise including investment
   program  sponsorship, property and  asset management,  mortgage banking and
   healthcare  facility  ownership.     Today,  The  Berkshire  Group  is   an
   integrated   real  estate,  mortgage   and  healthcare   company  which  is
   headquartered in  Boston with regional offices  throughout the  country.  A
   staff  of approximately  3,400 are  responsible  for  more than  $4 billion
   under  management for  institutional  and individual  clients.    Mr. Krupp
   attended the University of Pennsylvania and  Harvard University.  Mr. Krupp
   also serves  as  Chairman of  the Board  and  Trustee  of Krupp  Government
   Income Trust and as  Chairman of the Board  and Trustee of Krupp Government
   Income Trust II. 

      Laurence Gerber  is the  President and  Chief Executive  Officer of  The
   Berkshire Group.  Prior to becoming  President and Chief Executive  Officer
   in 1991,  Mr. Gerber held various positions with The  Berkshire Group which
   included  overall responsibility at various times for:   strategic planning
   and  product  development,  real  estate  acquisitions,  corporate finance,
   mortgage banking,  syndication and marketing.  Before joining The Berkshire
   Group  in 1984,  he  was  a management  consultant with  Bain &  Company, a
   national consulting firm headquartered in Boston.  Prior to that, he was  a
   senior  tax  accountant  with  Arthur  Andersen  &  Co.,  an  international
   accounting and consulting firm.   Mr. Gerber has a B.S. degree in Economics
   from the  University of Pennsylvania, Wharton  School and  an M.B.A. degree
   with  high distinction  from Harvard  Business School.   He  is a Certified
   Public  Accountant.  Mr.  Gerber also serves  as President  and Director of
   Berkshire  Realty Company, Inc.  (NYSE-BRI) and   President  and Trustee of
   Krupp  Government   Income  Trust  and   President  and  Trustee  of  Krupp
   Government Income Trust II.

      Robert A. Barrows is Senior Vice  President and Chief Financial  Officer
   of  Berkshire Mortgage  Finance and  Corporate Controller of  The Berkshire
   Group.  Mr. Barrows  has held several positions within The Berkshire  Group
   since  joining  the  company  in  1983  and  is  currently  responsible for
   accounting and  financial  reporting,  treasury,  tax, payroll  and  office
   administrative activities.   Prior to joining  The Berkshire  Group, he was
   an audit supervisor for Coopers &  Lybrand  L.L.P. in Boston.   He received
   a B.S. degree from Boston College and is a Certified Public Accountant.

   ITEM 11.  EXECUTIVE COMPENSATION

      The Partnership has no directors or executive officers.

   ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

      As of December  31, 1995, no person of record  owned or was known by the
   <PAGE>
   General Partners to own beneficially more than 5% of the Partnership's 
   4,000,100 outstanding Units.  The only interests held by  management or its
   affiliates  consist of  its General  Partner and Corporate  Limited Partner
   Interests.

                                     PART IV

   ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

      The  Partnership does  not  have any  directors, executive  officers  or
   nominees for  election as director.  Additionally, as of December 31, 1995,
   no  person of  record owned  or was  known by the  General Partners  to own
   beneficially more than 5% of the Partnership's outstanding Units.

   ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULE AND REPORTS ON FORM 8-K

   (a)           1. Financial  Statements -  see Index  to Financial Statements
                    and  Schedule included under  Item 8,  Appendix A,  on page
                    F-2 of this report.

                 2. Financial Statement  Schedule  -  see  Index  to  Financial
                    Statements and  Schedules included  under Item 8,  Appendix
                    A,  on page F-2  of this  report.  All  other schedules are
                    omitted as  they are  not applicable, not  required or  the
                    information is provided in  the Financial Statements or the
                    Notes thereto.

   (b)           Exhibits:

      Number and Description
      under Regulation S-K
      The following reflects  all applicable exhibits required under  Item 601
      of Regulation S-K:

                    (4)     Instruments  defining  the   rights  of   security
                            holders including indentures:

                    (4.1)   Amended  Agreement of Limited Partnership dated as
                            of July 3, 1985 [Exhibit A to Prospectus  included
                            in  Amendment No.  1 of  Registrant's Registration
                            Statement on Form S-11 (File 2-97467)].*

                    (4.2)   13th   Amendment   of   Certificate   of   Limited
                            Partnership filed with the Massachusetts Secretary
                            of State  on  March  14,  1986.  [Exhibit  4.2  to
                            Registrant's  Report on  Form  10-K  for the  year
                            ended December 31, 1985 (File 2-97467)].*

               (10) Material Contracts:

                    Luria's Plaza

                    (10.1)  Purchase  and Sale  Agreement,  dated  August  27,
                            1985, between Douglas Krupp and Florida Vero Beach
                            Ltd., Altman/Ranzau & Associates No. II, Northwest
                            Military    Associates    Joint    Venture,    and
                            Lockhill-Selma   Associates   Joint  Venture   and
                            related <PAGE>
                            exhibits [Exhibit 1 to Registrant's Report on Form
                            8-K dated October 31, 1985 (File No. 2-97467)].*

                    (10.2)  Assignment  of  Purchase and  Sale  Agreement from
                            Douglas Krupp to VB Holding Company [Exhibit 2  to
                            Registrant's Report on Form 8-K dated  October 31,
                            1985 (File No. 2-97467)].*

                    (10.3)  Special  Warranty Deed between  Florida Vero Beach
                            Ltd.  and VB  Holding Company dated  September 12,
                            1985 [Exhibit 3 to Registrant's Report on Form 8-K
                            dated October 31, 1985 (File No. 2-97467)].*

                    (10.4)  Special Warranty Deed  between VB Holding  Company
                            and George Krupp and Douglas Krupp dated September
                            13, 1985 [Exhibit 4 to Registrant's Report on Form
                            8-K dated October 31, 1985 (File No. 2-97467)].*

                     (10.5) Special Warranty  Deed  between George  Krupp  and
                            Douglas   Krupp  and   Krupp  Cash   Plus  Limited
                            Partnership dated  November 1, 1985 [Exhibit  5 to
                            Registrant's  Report on Form 8-K dated October 31,
                            1985 (File No. 2-97467)].*

                     (10.6) Management  Agreement  dated   November  1,   1985
                            between  Krupp Cash  Plus Limited  Partnership, as
                            Owner  and  Krupp  Asset Management  Company,  now
                            known as Berkshire Property Management ("BPM"), as
                            Agent  [Exhibit 6  to Registrant's Report  on Form
                            8-K dated October 31, 1985 (File No. 2-97467)].*

                     (10.7) Ground  Lease Agreement  dated September  16, 1987
                            between  Krupp Cash  Plus Limited  Partnership, as
                            Lessee  and  Donald  G.  Robinson,  Sr.,  Ruth  M.
                            Robinson,  Donald G.  Robinson,  Jr.  and Lisa  H.
                            Robinson, collectively  as Lessor.   [Exhibit 10.7
                            to Registrant's Report on Form 10-K for the fiscal
                            year ended December 31, 1987 (File No. 0-14393)].*

                     (10.8) Purchase and  Sale  Agreement between  VB  Holding
                            Company  and  Gilbert Bieger  dated  September 21,
                            1993 [exhibit 10.8 to  Registrant's report on Form
                            10-K for  the fiscal year ended  December 31, 1993
                            (File No. 0-14393)].*

                    High Point National Furniture Mart

                     (10.9) Purchase and Sale Agreement, dated April 25,  1986
                            between  Douglas Krupp  on behalf  of himself  and
                            others and Byron  Investments, Inc. [Exhibit  1(c)
                            to Registrant's  Report on Form 8-K  dated May 16,
                            1986 (File No. 2-97467)].*

                    (10.10) Assignment  of Purchase  and  Sale Agreement  from
                            Douglas  Krupp   to   Krupp  Cash   Plus   Limited
                            Partnership [Exhibit 2(c)  to Registrant's  Report
                            on <PAGE>
                            Form 8-K dated May 16, 1986 (File No. 2-97467)].*

                    (10.11) North  Carolina Special  Warranty Deed  from Byron
                            Investments,  Inc.  to  Krupp  Cash  Plus  Limited
                            Partnership [Exhibit 3(c)  to Registrant's  Report
                            on  Form  8-K dated  May  16,  1986 (File  No.  2-
                            97467)].*

                    (10.12) Management  Agreement dated  May 16,  1986 between
                            Krupp Cash Plus Limited Partnership, as  Owner and
                            BPM,  as  Agent  [Exhibit  10.14  to  Registrant's
                            Report on Form 10-K dated December 31, 1986  (File
                            No. 0-14393)].*

                    Tradewinds Shopping Center

                    (10.13) Purchase  and Sale  Agreement  dated May  16, 1986
                            between  Douglas Krupp  on behalf  of himself  and
                            others and Ronald J. Benach and Stewart L.  Grill,
                            as  liquidating agents  under a  Liquidating Trust
                            Agreement  dated  May  15, 1986  [Exhibit  1(c) to
                            Registrant's Report on Form 8-K dated May 30, 1986
                            (File No. 2-97467)].*

                    (10.14) Assignment  of Purchase  and  Sale Agreement  from
                            Douglas  Krupp   to   Krupp  Cash   Plus   Limited
                            Partnership dated May  27, 1986. [Exhibit 2(c)  to
                            Registrant's Report on Form 8-K dated May 30, 1986
                            (File No. 2-97467)].*

                    (10.15) Trustee's Deed dated May 27, 1986 from First  Bank
                            of Oak Park to Krupp Cash Plus Limited Partnership
                            [Exhibit 3(c) to  Registrant's Report on  Form 8-K
                            dated May 30, 1986 (File No. 2-97467)].*

                    (10.16) Management  Agreement  dated  September   1,  1986
                            between  Krupp Cash  Plus Limited  Partnership, as
                            Owner and  BPM,  as  Agent.    [Exhibit  10.18  to
                            Registrant's  Report on  Form 10-K  dated December
                            31, 1986 (File No. 0-14393)].*

   * Incorporated by reference.
                 
   (c)         Reports on Form 8-K

                    None


   <PAGE>
                                    SIGNATURES

               Pursuant  to the  requirements of  Section 13  or 15(d)  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 21st day of March, 1996.

                           
     KRUPP CASH PLUS LIMITED PARTNERSHIP

                            By:    The Krupp Corporation,
                                   a General Partner



                            By:    /s/Douglas Krupp                  
                                   Douglas Krupp, Co-Chairman
                                   (Principal Executive Officer) and
                                   Director of The Krupp Corporation


   Pursuant to the requirements of the  Securities Exchange Act of
   1934, this report has been signed below by the following persons on  behalf
   of the  registrant and  in the  capacities indicated,  on the  21st day  of
   March, 1996.


   Signatures               Titles


   /s/ Douglas Krupp               Co-Chairman (Principal Executive      
   Douglas Krupp                   Officer) and Director of The Krupp
                                   Corporation (a General Partner of the
                                   Registrant)

   /s/ George Krupp                Co-Chairman (Principal Executive
   George Krupp                    Officer) and Director of The Krupp
                                   Corporation (a General Partner of the
                                   Registrant)

   /s/ Laurence Gerber             President of The Krupp Corporation (a
   Laurence Gerber                 General Partner of the Registrant)


   /s/Robert A. Barrows            Senior Vice President and Corporate 
   Robert A. Barrows               Controller of The Krupp Corporation (a
                                   General Partner of the Registrant)
   <PAGE>

                                    APPENDIX A

                       KRUPP CASH PLUS LIMITED PARTNERSHIP
                                              

                        FINANCIAL STATEMENTS AND SCHEDULES
                               ITEM 8 of FORM 10-K

             ANNUAL REPORT TO THE SECURITIES AND EXCHANGE COMMISSION
                       For the Year Ended December 31, 1995


   <PAGE>
                      KRUPP CASH PLUS LIMITED PARTNERSHIP

                   INDEX TO FINANCIAL STATEMENTS AND SCHEDULES
                                               



   Report of Independent Accountants                                       F-3

   Balance Sheets at December 31, 1995 and 1994                            F-4

   Statements of Operations for the Years Ended December 31,
   1995, 1994 and 1993                                                     F-5

   Statements of Changes in Partners' Equity for the Years 
   Ended December 31, 1995, 1994 and 1993                                  F-6

   Statements of Cash Flows for the Years Ended December 31,
   1995, 1994 and 1993                                                     F-7

   Notes to Financial Statements                                    F-8 - F-12

   Schedule III - Real Estate and Accumulated Depreciation         F-13 - F-14

   All other schedules are omitted as they are not applicable or not
   required, or the information is provided in the financial statements or
   the notes thereto.

   <PAGE>
                        REPORT OF INDEPENDENT ACCOUNTANTS
                                              


   To the Partners of
   Krupp Cash Plus Limited Partnership:

   We have  audited the  financial  statements and  the  financial
   statement   schedule  of   Krupp   Cash   Plus  Limited   Partnership  (the
   "Partnership") listed in  the index on page F-2  of this Form 10-K.   These
   financial   statements   and   financial   statement   schedule   are   the
   responsibility of the  Partnership's management.  Our responsibility is  to
   express an  opinion on  these financial statements and  financial statement
   schedule based on our audits.

   We conducted  our audits in accordance  with generally accepted
   auditing standards.  Those standards  require that we plan  and perform the
   audit   to  obtain  reasonable   assurance  about   whether  the  financial
   statements  are  free  of  material   misstatement.    An   audit  includes
   examining,  on  a  test   basis,  evidence  supporting   the  amounts   and
   disclosures in the financial statements.   An audit also includes assessing
   the   accounting  principles  used   and  significant   estimates  made  by
   management,  as  well  as   evaluating  the  overall   financial  statement
   presentation.  We believe  that our audits provide  a reasonable basis  for
   our opinion.

   In our  opinion, the  financial  statements referred  to  above
   present fairly, in all material respects,  the financial position of  Krupp
   Cash  Plus Limited Partnership  as of  December 31, 1995 and  1994, and the
   results of its  operations and its cash flows  for each of  the three years
   in  the  period  ended  December  31,  1995  in  conformity  with generally
   accepted  accounting  principles.     In  addition,  in  our  opinion,  the
   financial  statement  schedule  referred   to  above,  when  considered  in
   relation  to the  basic financial  statements  taken  as a  whole, presents
   fairly, in all material respects, the  information required to be  included
   therein.

   Boston, Massachusetts                      
   February 14, 1996

   <PAGE>
                                  KRUPP CASH PLUS LIMITED PARTNERSHIP

                                            BALANCE SHEETS
                                      December 31, 1995 and 1994
                                                         


                                               ASSETS       

                                       
                                                                  
<TABLE>
<CAPTION>
                                                                1995            1994    
            Real estate assets:

              Retail centers, net of accumulated depreciation
              <S>                                              <C>           <C>
                of $15,298,268 and $13,258,690, respectively   $30,082,471   $31,025,555

              Mortgage-backed securities ("MBS") (market
                value of approximately $5,435,000 and 
                $5,667,000, respectively) (Note D)               5,151,696     5,727,728

                 Total real estate assets                       35,234,167    36,753,283

            Cash and cash equivalents (Note C)                   2,841,353     2,319,369
            Other assets                                           643,003       833,507

                 Total assets                                  $38,718,523   $39,906,159


                                 LIABILITIES AND PARTNERS' EQUITY    

            Accounts payable                                   $     6,428   $   358,180
            Accrued expenses and other liabilities (Note E)        824,812       851,020

                 Total liabilities                                 831,240     1,209,200

            Commitments (Note I)

            Partners' equity (deficit) (Note F):                    

              Limited Partners (4,000,000
                 Units outstanding)                             38,032,296    38,822,766
              Corporate Limited Partner (100
                 Units outstanding)                                  1,180         1,200
              General Partners                                    (146,193)     (127,007)

                 Total Partners' equity                         37,887,283    38,696,959

                 Total liabilities and Partners' equity        $38,718,523   $39,906,159

</TABLE>
                                The accompanying notes are an integral
                                  part of the financial statements.
            <PAGE>
                                 KRUPP CASH PLUS LIMITED PARTNERSHIP

                                       STATEMENTS OF OPERATIONS
                         For the Years Ended December 31, 1995, 1994 and 1993
                                                        

<TABLE>
<CAPTION>
                                                         1995        1994        1993   
            Revenue:
                 <S>                                  <C>         <C>         <C>
                 Rental (Note H)                      $5,780,035  $5,427,900  $5,134,166
                 Interest income - MBS (Note D)          462,811     523,950     745,347
                 Interest income - other                 194,473      89,051      64,369

                 Total revenue                         6,437,319   6,040,901   5,943,882

            Expenses:
                 Operating (Notes G and I)             1,125,111   1,262,429   1,201,304
                 Maintenance                             296,396     292,360     262,813
                 General and administrative 
                  (Note G)                               195,933     256,114     285,301
                 Real estate taxes                     1,051,596   1,084,690     986,962
                 Management fees to an affiliate 
                  (Note G)                               305,150     259,141     247,795
                 Depreciation                          2,039,578   1,934,260   1,638,070

                 Total expenses                        5,013,764   5,088,994   4,622,245

            Net income (Note J)                       $1,423,555  $  951,907  $1,321,637

            Allocation of net income (Note F):

                 Unitholders (4,000,000 
                  Units outstanding)                  $1,395,049  $  932,846  $1,295,173

                 Net income per Unit of
                  Depositary Receipt                  $      .35  $      .23  $      .32

                 Corporate Limited Partner
                  (100 Units outstanding)             $       35  $       23  $       32

                 General Partners                     $   28,471  $   19,038  $   26,432


</TABLE>
                               The accompanying notes are an integral
                                  part of the financial statements.

            <PAGE>
                                  KRUPP CASH PLUS LIMITED PARTNERSHIP

                               STATEMENTS OF CHANGES IN PARTNERS' EQUITY
                         For the Years Ended December 31, 1995, 1994 and 1993
                                                           


<TABLE>
<CAPTION>
                                                        Corporate
                                                         Limited     General     Partners'
                                          Unitholders    Partner     Partners      Equity  
            <S>                           <C>              <C>      <C>         <C>
            Balance at December 31, 1992  $41,696,256      $1,272   $(168,015)  $41,529,513

            Cash distributions             (2,911,583)        (73)    (17,636)   (2,929,292)

            Net income                      1,295,173          32      26,432     1,321,637

            Balance at December 31, 1993   40,079,846       1,231    (159,219)   39,921,858

            Cash distributions             (2,189,926)        (54)     13,174    (2,176,806)

            Net income                        932,846          23      19,038       951,907

            Balance at December 31, 1994   38,822,766       1,200    (127,007)   38,696,959

            Cash distributions             (2,185,519)        (55)    (47,657)   (2,233,231)

            Net income                      1,395,049          35      28,471     1,423,555

            Balance at December 31, 1995  $38,032,296      $1,180   $(146,193)  $37,887,283

</TABLE>
                                 The accompanying notes are an integral
                                    part of the financial statements.
            <PAGE>
                                   KRUPP CASH PLUS LIMITED PARTNERSHIP

                                        STATEMENTS OF CASH FLOWS
                          For the Years Ended December 31, 1995, 1994 and 1993 
                                                             


<TABLE>
<CAPTION>
                                                                                  1995  
                                                   1994           1993   
            Operating activities:
              <S>                               <C>            <C>           <C>
              Net income                        $ 1,423,555    $   951,907   $ 1,321,637
              Adjustments to reconcile net 
               income to net cash provided by
               operating activities:
                Depreciation                      2,039,578      1,934,260     1,638,070
                Amortization of MBS premium           1,972          2,094         5,670
                Decrease in cash restricted for 
                 tenant security deposits             -               -           51,923
                Decrease (increase) in other 
                 assets                             190,504        (21,097)       72,657
                Increase (decrease) in accounts
                 payable                             (4,127)          (814)       31,953
                Decrease in accrued expenses
                 and other liabilities              (26,208)       (32,516)     (193,753)

                  Net cash provided by operating 
                   activities                     3,625,274      2,833,834     2,928,157

            Investing activities:
              Additions to fixed assets          (1,096,494)    (1,037,705)   (3,265,158)
              Increase (decrease) in accounts 
               payable for fixed asset             (347,625)      (820,354)    1,071,009
               additions
              Principal collections on MBS          574,060      1,622,946     2,710,253

                  Net cash provided by (used in) 
                   investing activities            (870,059)      (235,113)      516,104

            Financing activity:
              Cash distributions                 (2,233,231)    (2,176,806)   (2,929,292)

            Net increase in cash and cash
              equivalents                           521,984        421,915       514,969

            Cash and cash equivalents, 
             beginning of year                    2,319,369      1,897,454     1,382,485

            Cash and cash equivalents, 
             end of year                        $ 2,841,353    $ 2,319,369   $ 1,897,454

</TABLE>
                                  The accompanying notes are an integral
                                    part of the financial statements.
            <PAGE>
                       KRUPP CASH PLUS LIMITED PARTNERSHIP

                          NOTES TO FINANCIAL STATEMENTS
                                               
   A.          Organization

               Krupp Cash  Plus Limited  Partnership  (the "Partnership")  was
               formed on April  30, 1985  by filing a  Certificate of  Limited
               Partnership  in  The  Commonwealth   of  Massachusetts.     The
               Partnership has issued all of  the General Partners Interest to
               The   Krupp  Corporation   and   The   Krupp  Company   Limited
               Partnership-IV   in   exchange   for    capital   contributions
               aggregating $3,000.  Except under certain limited circumstances
               upon termination  of the Partnership, the  General Partners are
               not required to make any additional capital contributions.  The
               Partnership  will continue  to exist  until December  31, 2025,
               unless earlier terminated upon occurrence of certain events  as
               set forth in the Partnership Agreement.

               The Partnership has issued 100 Limited Partner Interests to the
               Corporate  Limited Partner,  Krupp Depositary  Corporation (the
               "Depositary"/"Corporate Limited  Partner")  in exchange  for  a
               capital contribution of $2,000.  The Partnership also issued an
               additional 4,000,000 Limited Partner Interests to the Corporate
               Limited  Partner,  who,  in turn,  issued  Depositary  Receipts
               ("Units") to the investors  and has assigned all of  its rights
               and interest in the  Limited Partner Interests (except for  its
               $2,000 Limited Partners Interest) to the holders of  Depositary
               Receipts  ("Unitholders").     As  of  March   14,  1986,   the
               Partnership completed its public offering having sold 4,000,000
               Units for  $79,934,364, net  of  purchase volume  discounts  of
               $65,636.

   B.          Significant Accounting Policies

               The  Partnership  uses the  following  accounting  policies for
               financial  reporting purposes,  which  may  differ  in  certain
               respects from those used  for federal income tax  purposes (see
               Note J).

                  Risks and Uncertainties

                  The Partnership  invests its cash primarily  in deposits and
                  money market  funds with commercial banks.   The Partnership
                  has not experienced any losses to date on its invested cash.

                  The preparation  of financial statements  in conformity with
                  generally accepted accounting principles requires management
                  to make  estimates and assumptions that  affect the reported
                  amount  of  assets   and  liabilities   and  disclosure   of
                  contingent  assets  and  liabilities  at  the  date  of  the
                  financial statements and the reported amount of revenues and
                  expenses during the reporting period.  Actual results  could
                  differ from those estimates.

   <PAGE>
                  Cash Equivalents

                  The  Partnership  includes all  short-term  investments with
                  maturities  of  three  months  or  less  from  the  date  of
                  acquisition  in  cash  and  cash  equivalents.    The   cash
                  equivalents are recorded at cost, which approximates current
                  market values.

                  Rental Revenues

                  Leases  require the payment of base rent monthly in advance.
                  Rental  revenues are recorded on  the accrual basis.  Leases
                  generally contain provisions for additional rent based on  a
                  percentage of tenant  sales and other  provisions which  are
                  also  recorded on  the  accrual  basis,  but are  billed  in
                  arrears.   Minimum  rental revenue for long term  commercial
                  leases is recognized on a  straight-line basis over the life
                  of the related lease.

                  Leasing Commissions

                  Leasing commissions are deferred and amortized over the life
                  of the related lease.

                  Depreciation

                  Depreciation is provided for by the use of the straight-line
                  method over estimated useful lives as follows:

                          Buildings and improvements           3 to 25 years
                          Appliances, carpeting and equipment  3 to 5 years

                  Impairment of Long-Lived Assets

                  In accordance with  Financial Accounting Standards  No. 121,
                  "Accounting for the Impairment of Long-Lived Assets and  for
                  Long-Lived Assets to Be Disposed Of", which is effective for
                  fiscal   years  beginning  after   December  15,  1995,  the
                  Partnership  has  implemented  policies  and  practices  for
                  assessing impairment of its real estate assets.

                  The  investments  in properties  are  carried  at cost  less
                  accumulated depreciation unless the General Partners believe
                  there  is a significant impairment in value, in which case a
                  provision to write  down investments in  properties to  fair
                  value will be  charged against  income.  At  this time,  the
                  General Partners  do  not believe  that  any assets  of  the
                  Partnership are significantly impaired.

                  Mortgage-Backed Securities

                  MBS  are held  for long-term  investment and are  carried at
                  amortized cost.  Premiums and  discounts are  amortized over
                  the life of  the underlying securities  using the  effective
                  yield method.  The  market value of MBS is  determined based
                  on quoted market prices.  
   <PAGE>

                  Income Taxes

                  The Partnership  is not liable  for federal or  state income
                  taxes as Partnership income is allocated to the partners for
                  income tax purposes. In the event that the Partnership's tax
                  returns are  examined by  the  Internal Revenue  Service  or
                  state taxing  authority and  the  examination results  in  a
                  change in Partnership  taxable income, such  change will  be
                  reported to the partners.

                  Reclassifications

                  Certain  prior  year  balances  have  been  reclassified  to
                  conform   with  the   current   year   financial   statement
                  presentation.

   C.          Cash and Cash Equivalents

               Cash and cash equivalents at December 31, 1995 and 1994 consist
               of the following:
                                                             December 31,     
                                                         1995          1994  


                Cash and money market accounts        $  613,930    $ 537,900
                Commercial paper                       1,731,200    1,781,469
                Bankers' acceptance                      496,223          -   

                                                      $2,841,353    $2,319,369

               At December 31, 1995, commercial paper and bankers   acceptance
               represent corporate issues complying with Section 6.2(a) of the
               Partnership  Agreement  purchased  through a  corporate  issuer
               maturing in the first  quarter of 1996.  At  December 31, 1995,
               the carrying  value of  the  Partnership's investment  in  both
               commercial  paper  and  bankers' acceptance  approximates  fair
               value.

   D.          Mortgage-Backed Securities

               At December 31,  1995, the  Partnership's MBS  Portfolio has  a
               market value  of approximately $5,435,200 with unrealized gains
               of  approximately  $283,500  and  no  unrealized  losses.    At
               December  31,  1994, the  Partnership's  MBS  Portfolio had  an
               approximate  market  value  of  approximately  $5,667,200  with
               unrealized gains of approximately  $6,200 and unrealized losses
               of approximately $66,700.   The Portfolio  consists of  Federal
               Home Loan  Mortgage   Corporation  holdings with  coupon  rates
               ranging from 8.5% to 9.0% per annum maturing in  the years 2008
               through  2009, and  Government  National  Mortgage  Association
               holdings  with coupon rates of  8.5% per annum  maturing in the
               years 2008 through 2017.  The Partnership has the intention and
               ability to hold the MBS and until maturity. 

   E.          Accrued Expenses and Other Liabilities

               Accrued expenses and other liabilities consist of the following
               at December 31, 1995 and 1994:
   <PAGE>
                                                           1995          1994

               Accrued real estate taxes                   $685,370   $721,200
               Deferred income and other accrued expenses    90,735     76,447
               Tenant security deposits                      48,707     53,373
                                                           $824,812   $851,020
   F.          Partners' Equity

               Under the Partnership Agreement, profits or losses from
               Partnership operations and Distributable Cash Flow are
               allocated 98% to the Unitholders and Corporate Limited Partner
               (the "Limited Partners") based on Units held, and 2% to the
               General Partners.  Profits arising from a capital transaction
               will be allocated in the same manner as cash distributions
               (described below).  Losses from a capital transaction will be
               allocated 98% to the Limited Partners and 2% to the General
               Partners. 

               Upon the occurrence of a capital transaction, net cash proceeds
               will be distributed  as follows:   1) to  the Limited  Partners
               until  they  have received  a  return of  their  total invested
               capital;  2) to the General Partners until they have received a
               return of  their  total invested  capital;  3) to  the  Limited
               Partners  until  the   Limited  Partners   have  received   any
               deficiency in  their 12% cumulative return  on invested capital
               through  fiscal  years  prior  to   the  date  of  the  capital
               transaction; 4) to the General Partners until amounts allocated
               under items three and four been paid in an 85% - 15% ratio, and
               5) 85% to the Limited Partners and 15% to the General Partners.

               As  of  December 31,  1995,  the  following cumulative  partner
               contributions and allocations have been made since inception of
               the Partnership:

<TABLE>
<CAPTION>
                                                     Corporate
                                                      Limited    General
                                       Unitholders    Partner    Partners       Total   

               <S>                    <C>            <C>        <C>         <C>
               Capital contributions  $ 79,934,364   $ 2,000    $   3,000   $ 79,939,364 

               Syndication costs        (9,755,749)     -            -        (9,755,749)

               Cash distributions      (46,099,864)   (1,193)    (579,882)   (46,680,939)

               Note distributions       (7,149,821)     (179)        -        (7,150,000)

               Net income               21,103,366       552      430,689     21,534,607

                  Total               $ 38,032,296   $ 1,180    $(146,193)  $ 37,887,283
</TABLE>
   G.          Related Party Transactions

      Commencing with the date of acquisition of the Partnership's properties,
      the Partnership entered into agreements under which property  management
      fees are  paid to an affiliate  of the General Partners  for services as
      management agent.   Such agreements provide for  management fees payable
      <PAGE>
      monthly  at the rate of  up to 6% of the  gross receipts, net of leasing
      commissions from commercial properties under management. The Partnership
      also reimburses affiliates of the  General Partners for certain expenses
      incurred in connection  with the  operation of the  Partnership and  its
      properties including accounting, computer,  insurance, travel, legal and
      payroll;  and  with the  preparation and  mailing  of reports  and other
      communications to the Unitholders.  

      Amounts  paid to  the General  Partners or  their affiliates  during the
      years ended December 31, 1995, 1994 and 1993 were as follows:

                                    1995         1994        1993  

      Management fees             $305,150     $259,141    $247,795

      Expense reimbursements       274,148      456,111     477,709

      Charged to operations       $579,298     $715,252    $725,504

   H.          Future Base Rents Due Under Commercial Operating Leases

               Future base rents due under commercial operating leases for the
               years 1996 through 2000 and thereafter are as follows:

                                     1996           $4,501,300
                                     1997           $3,750,400
                                     1998           $2,805,900
                                     1999           $2,089,700
                                     2000           $1,771,000
                                     Thereafter     $7,884,400
   I.          Leases

               The Partnership is  subject to a  ground lease for a  parcel of
               land adjoining Luria's  Plaza.   The initial term  of the  non-
               cancelable operating lease  is twenty years commencing  October
               1, 1987.  During the first ten-year period of the lease, annual
               rent will be  $24,048, payable in  equal monthly  installments,
               and during the second  ten-year period the annual rent  will be
               $28,248 payable in equal monthly  installments.  The lease also
               provides for  its renewal under four  five-year option periods.
               Total rental  expense related to  the ground lease,  charged to
               operations for each of the three years ended December 31, 1995,
               1994 and 1993 was $24,048.

   J.          Federal Income Taxes

               For   federal  income   tax   purposes,   the  Partnership   is
               depreciating its property  using the accelerated  cost recovery
               system  ("ACRS")  and the  modified  accelerated  cost recovery
               system ("MACRS") depending on which is applicable.

      The  reconciliation  of  the  income  for  each  year  reported  in  the
      accompanying statement  of operations  with the  income reported  in the
      Partnership's  1995, 1994  and  1993 federal  income  tax return  is  as
      follows:
   <PAGE>

<TABLE>
<CAPTION>
                                                           1995        1994       1993   


               <S>                                      <C>         <C>        <C>
               Net income per statement of operations   $1,423,555  $  951,907 $1,321,637

               Plus:  Rental income timing 
                    difference                              49,739     (71,374)  (134,858)
                      Difference in book to tax 
                       depreciation                        360,866     308,355     55,587
             
               Net income for federal income tax 
                purposes                                $1,834,160  $1,188,888 $1,242,366
</TABLE>

    The allocation of the net income for federal income tax purposes for 1995 
    is:
<TABLE>
<CAPTION>
                                        Passive    Portfolio   Portfolio
                                        Income      Expense     Income        Total  
                <S>                   <C>          <C>         <C>         <C>
                Unitholders           $1,154,682   $(1,372)    $644,122    $1,797,432 

                Corporate Limited
                  Partner                     29       -             16            45

                General Partners          23,565       (28)      13,146        36,683
                                      $1,178,276   $(1,400)    $657,284    $1,834,160

</TABLE>
               During 1995,  1994 and 1993 the average  per Unit income to the
               Unitholders for federal income tax purposes was $.45,  $.29 and
               $.31, respectively.

   <PAGE>                       KRUPP CASH PLUS LIMITED PARTNERSHIP

                      SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
                                         December 31, 1995
                                                        


<TABLE>
<CAPTION>
                                                                    Costs Capitalized
                                       Initial Cost to                Subbsequent to 
                                         Partnership                   Acquisition        
                                         Buildings &                   Buildings &  


       Description                  Land        Improvements        Land      Improvements

   High Point National
   Furniture Mart
   <S>                           <C>            <C>              <C>          <C>
   High Point, NC                $  823,136     $14,364,251      $   -        $3,163,793

   Luria's Plaza 
   Vero Beach, FL                 2,083,350      11,770,671       200,000      2,751,911

   Tradewinds Shopping Center
   Hanover Park, IL               1,523,520       7,080,990          -         1,619,117

         Total:                  $4,430,006     $33,215,912       $200,000    $7,534,821 
</TABLE>



<TABLE>
<CAPTION>
                            Gross Amounts Carried at
                                    End of Year              
                                      Buildings                                Year
                                        and                     Accumulated Construction   Year
      Description         Land      Improvements       Total    Deprecation  Completed   Acquired
    
   High Point National
   Furniture Mart
   <S>                 <C>          <C>            <C>          <C>             <C>         <C>
   High Point, NC      $  823,136   $17,528,044    $18,351,180  $ 6,689,595     1964        1986

   Luria's Plaza 
   Vero Beach, FL       2,283,350    14,522,582     16,805,932    5,344,356     1984        1985

   Tradewinds Shopping
   Center
   Hanover Park, IL     1,523,520     8,700,107     10,223,627    3,264,317     1969        1986

      TOTAL            $4,630,006   $40,750,733    $45,380,739  $15,298,268
</TABLE>
   Reconciliation of Real Estate and Accumulated  Depreciation for each of the
   three years in the period ended December 31, 1995:

<TABLE>
<CAPTION>
                                                1995          1994           1993    
     Real Estate

     <S>                                    <C>            <C>            <C>
     Balance at beginning of year           $44,284,245    $43,319,125    $40,053,967

     Disposal       -                           (72,585)        -

     Improvements                             1,096,494      1,037,705      3,265,158

     Balance at end of year                 $45,380,739    $44,284,245    $43,319,125


                                                1995          1994           1993    
     Accumulated Depreciation

     Balance at beginning of year           $13,258,690    $11,397,015    $ 9,758,945

     Disposal       -                           (72,585)        -

     Depreciation expense                     2,039,578      1,934,260      1,638,070

     Balance at end of year                 $15,298,268    $13,258,690    $11,397,015
</TABLE>

   The Partnership uses the cost basis for  property valuation for both income
   tax and  financial statement purposes.  The Partnership holds  title to its
   properties  free  and  clear  from  all  mortgage  indebtedness  and  other
   material liens  or encumbrances.  The aggregate cost for federal income tax
   purposes at December 31, 1995 is $45,810,387.
<PAGE>