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Equity Method Investments (Details 1) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Balance Sheet:          
Real estate, net of depreciation $ 54,001,402   $ 54,001,402   $ 54,788,607
Other assets 1,581,766   1,581,766   1,632,794
Total assets 55,583,168   55,583,168   56,421,401
Mortgage payable 41,154,000   41,154,000   41,154,000
Other liabilities 863,222   863,222   803,085
Total liabilities 42,017,222   42,017,222   41,957,085
Stockholders' equity 13,565,946   13,565,946   14,464,316
Total liabilities and stockholders' equity 55,583,168   55,583,168   56,421,401
Operating Statement:          
Rental revenues 1,604,232 1,534,541 4,749,491 4,457,425  
Operating expenses 603,606 (562,515) 1,673,970 (1,570,253)  
Income before debt service, acquisition costs, and depreciation and amortization 1,000,626 972,026 3,075,521 2,887,172  
Mortgage interest (430,158) (430,158) (1,281,124) (1,276,448)  
Depreciation and amortization (421,053) (394,544) (1,229,341) (1,668,577)  
Net income (loss) 149,415 147,324 565,056 (57,853)  
Net income attributable to JV partners 130,097 (121,645) 486,409 (38,944)  
Net Income Loss Equity Method Investment Total 19,318 25,679 78,647 (18,909)  
Amortization of deferred financing costs paid on behalf of joint ventures (838) (838) (2,515) (2,515)  
Equity in earnings (loss) of unconsolidated joint ventures $ 18,480 $ 10,162 $ 4,049 $ (89,258)