PRINCIPAL BUSINESS AND ORGANIZATION (Details)										1 Months Ended			9 Months Ended
	Feb. 01, 2023 USD ($)	Jan. 03, 2023 USD ($) shares	Oct. 01, 2022 USD ($)	Jul. 29, 2022 USD ($) shares	Jun. 01, 2022 USD ($) ft² a Shareholder	May 06, 2022 USD ($) Land Company shares	Oct. 31, 2019 shares	Dec. 31, 2016 shares	Oct. 31, 2016 shares	Sep. 30, 2022 shares	Mar. 31, 2022 shares	Mar. 31, 2021 Building Company	Mar. 31, 2023 USD ($) Company Offering $ / shares shares	Mar. 31, 2022 shares	Feb. 27, 2023 $ / shares	Feb. 06, 2023 USD ($)	Oct. 14, 2022 USD ($)	Jun. 30, 2022 $ / shares shares	Jan. 25, 2022	Oct. 04, 2021	Apr. 13, 2021 USD ($) $ / shares
Common Stock Disclosures [Abstract]
Total shares authorized for issue (in shares) | shares													100,000,000
Common stock, authorized (in shares) | shares													80,000,000					80,000,000
Common stock, par value (in dollars per share) | $ / shares													$ 0.0001					$ 0.0001
Preferred stock, shares authorized (in shares) | shares													20,000,000					20,000,000
Preferred stock, par value (in dollars per share) | $ / shares													$ 0.0001					$ 0.0001
Common stock, Initial public offering (in shares) | shares							15,000,000	15,000,000	5,000,000
Capital contribution by parent													$ 71,671,717
Number of operating companies | Company												2
Number of residential apartment buildings to acquire and operate | Building												2
Portfolio risk concentration, percentage													20.00%
Proceeds from public offerings													$ 119,100,000
Number of public offering | Offering													3
Proceeds from dividend reinvestment plan													$ 13,800,000
Payment to repurchase shares													$ 12,880,000
Dividend reinvestment plan, share price (in dollars per share) | $ / shares															$ 7.38
First & Main, LP [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired				100.00%
Purchase price of interests acquired				$ 3,376,322		$ 2,237,000
Purchase price paid through issuance of shares				$ 2,711,378
1300 Main, LP [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired										100.00%
Purchase price of interests acquired			$ 6,480,582			1,688,000
Woodland Corporate Center Two, LP [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired		100.00%
Purchase price of interests acquired		$ 5,636,966				0
Purchase price paid through issuance of shares		$ 3,242,557
Shares issued (in shares) | shares		144,113.63
Main Street West, LP [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired	100.00%
Purchase price of interests acquired	$ 8,277,016					$ 4,708,000
MRC Aurora, LLC [Member]
Common Stock Disclosures [Abstract]
Preferred capital from operating partnership																$ 10,000,000
Hollywood Hillview [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired																				90.00%
Remaining percentage of economic interest																				10.00%
PT Hillview [Member]
Common Stock Disclosures [Abstract]
Operating Partnership, ownership interest																				100.00%
MacKenzie-BAA IG Shoreline, LLC [Member]
Common Stock Disclosures [Abstract]
Percentage of economic interest acquired																			98.00%
Remaining percentage of economic interest																			2.00%
Equity Investors Member Units [Member] | Madison [Member]
Common Stock Disclosures [Abstract]
Ownership percentage of equity investors												98.45%
Joint venture partners own percentage												1.55%
Equity Investors Member Units [Member] | PVT [Member]
Common Stock Disclosures [Abstract]
Ownership percentage of equity investors												98.75%
Joint venture partners own percentage												1.25%
FSP Satellite Place [Member]
Common Stock Disclosures [Abstract]
Rentable Space | ft²					134,785
Area of Land Rentable Space Located | a					10
Number of shareholders exception for cash payment | Shareholder					2
Wiseman Company LLC [Member]
Common Stock Disclosures [Abstract]
Number of operating companies | Company						8
Percentage of economic interest acquired						100.00%
Number of parcel entitled land acquired | Land						1
Purchase price of interests acquired						$ 18,333,000
Purchase price of parcel entitled land acquired						3,050,000
Purchase price paid through issuance of shares						4,650,000
Purchase price of parcel entitled land paid through issuance of shares						$ 750,000
Number of active partnerships | Company													9
Period for right to acquire each property at pre-determined prices in following years													2 years
Common Stock [Member]
Common Stock Disclosures [Abstract]
Shares issued (in shares) | shares										169.67	212.19
Common Stock [Member] | FSP Satellite Place [Member]
Common Stock Disclosures [Abstract]
Payments to acquire economic interest					$ 27,503
Preferred Stock [Member]
Common Stock Disclosures [Abstract]
Shares issued (in shares) | shares														80,014.57
Preferred Stock [Member] | First & Main, LP [Member]
Common Stock Disclosures [Abstract]
Shares issued (in shares) | shares				120,505.66
Preferred Stock [Member] | Operating Partnership [Member]
Common Stock Disclosures [Abstract]
Preferred stock, par value (in dollars per share) | $ / shares													$ 25
Operating Partnership shares, amount entitled to receive													$ 11,795,110.75
Preferred Stock [Member] | FSP Satellite Place [Member]
Common Stock Disclosures [Abstract]
Payments to acquire economic interest					$ 13,752
Preferred Stock [Member] | Wiseman Company LLC [Member]
Common Stock Disclosures [Abstract]
Shares issued (in shares) | shares						206,666.67
Series A Preferred Stock [Member]
Common Stock Disclosures [Abstract]
Preferred stock, authorized amount																	$ 75,000,000				$ 50,000,000
Preferred stock initial offering price (in dollars per share) | $ / shares																					$ 25
Proceeds from public offerings													$ 14,410,000
Series A Preferred Stock [Member] | Operating Partnership [Member]
Common Stock Disclosures [Abstract]
Operating Partnership shares owned (in shares) | shares													471,804.43
Operating Partnership, ownership interest													15.00%
Class A [Member] | Operating Partnership [Member]
Common Stock Disclosures [Abstract]
Common stock, par value (in dollars per share) | $ / shares													$ 10.25
Operating Partnership shares owned (in shares) | shares													89,552.61
Operating Partnership, ownership interest													15.00%
Class A [Member] | Wiseman Company LLC [Member]
Common Stock Disclosures [Abstract]
Shares issued (in shares) | shares						77,881.62