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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental and other property income $ 4,467,383 $ 4,406,375 $ 4,104,597
Operating expenses:      
General and administrative 932,253 936,397 815,586
Property operating 35,516 13,130 12,058
Real estate tax 544,967 506,499 1,215,423
Advisory fees and expenses 0 0 60,565
Transaction-related 0 0 41,576
Depreciation and amortization 1,912,254 1,912,254 1,493,033
Total operating expenses 3,424,990 3,368,280 3,638,241
Operating income 1,042,393 1,038,095 466,356
Other expense:      
Interest expense and other, net (1,530,075) (1,809,807) (1,588,351)
Net loss (487,682) (771,712) (1,121,995)
Common Class A      
Other expense:      
Net loss $ (331,200) $ (523,089) $ (894,373)
Basic and diluted weighted average number of common shares outstanding (in shares) 2,479,876 1,977,654 993,758
Basic and diluted net loss per common share (in dollars per share) $ (0.13) $ (0.26) $ (0.90)
Class T Common Stock      
Other expense:      
Net loss $ (156,482) $ (248,623) $ (227,622)
Basic and diluted weighted average number of common shares outstanding (in shares) 740,477 699,395 228,908
Basic and diluted net loss per common share (in dollars per share) $ (0.21) $ (0.36) $ (0.99)