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Loans Payable - Schedule of Loans Payable (Detail) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Less: Deferred financing costs, net of accumulated amortization $ (3,685,465) $ (3,798,470)
Loans payable, net of deferred financing costs and amortization 375,201,719 356,088,714
Valencia Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 55,200,000 55,200,000
Less: Deferred financing costs, net of accumulated amortization (827,743) (849,750)
Loans payable, net of deferred financing costs and amortization 54,372,257 54,350,250
Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 47,850,000 28,850,000
Less: Deferred financing costs, net of accumulated amortization (889,190) (927,108)
Loans payable, net of deferred financing costs and amortization 46,960,810 27,922,892
Kacey Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 40,640,000 40,640,000
Less: Deferred financing costs, net of accumulated amortization (365,350) (374,663)
Loans payable, net of deferred financing costs and amortization 40,274,650 40,265,337
Industry Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 43,200,000 43,200,000
Less: Deferred financing costs, net of accumulated amortization (439,006) (450,099)
Loans payable, net of deferred financing costs and amortization 42,760,994 42,749,901
UBS AG, CCRE, Citigroup Global Markets Realty Corp, Goldman Sachs Bank USA, CBRE Multifamily Capital Inc and Arbor Private Label LLC [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 378,887,184 359,887,184
Less: Deferred financing costs, net of accumulated amortization (3,685,465) (3,798,470)
Loans payable, net of deferred financing costs and amortization 375,201,719 356,088,714
UBS AG [Member] | GR Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 4,500,000 4,500,000
Less: Deferred financing costs, net of accumulated amortization (43,241) (45,290)
Loans payable, net of deferred financing costs and amortization 4,456,759 4,454,710
UBS AG [Member] | FM Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 21,000,000 21,000,000
Less: Deferred financing costs, net of accumulated amortization (125,206) (129,773)
Loans payable, net of deferred financing costs and amortization 20,874,794 20,870,227
CCRE [Member] | CO Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 26,550,000 26,550,000
Less: Deferred financing costs, net of accumulated amortization (182,047) (186,338)
Loans payable, net of deferred financing costs and amortization 26,367,953 26,363,662
Goldman Sachs Bank USA [Member] | Buchanan Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 9,600,000 9,600,000
Less: Deferred financing costs, net of accumulated amortization (72,772) (74,520)
Loans payable, net of deferred financing costs and amortization 9,527,228 9,525,480
Arbor Private Label, LLC [Member] | Summerfield Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 76,575,000 76,575,000
Less: Deferred financing costs, net of accumulated amortization (197,676) (203,088)
Loans payable, net of deferred financing costs and amortization 76,377,324 76,371,912
Citigroup Global Markets Realty Corp [Member] | DST Properties [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 22,495,184 22,495,184
Less: Deferred financing costs, net of accumulated amortization (245,708) (252,090)
Loans payable, net of deferred financing costs and amortization 22,249,476 22,243,094
CBRE Multifamily Capital, Inc. [Member] | Keller Springs Property [Member]    
Debt Instrument [Line Items]    
Principal amount of loans 31,277,000 31,277,000
Less: Deferred financing costs, net of accumulated amortization (297,526) (305,751)
Loans payable, net of deferred financing costs and amortization $ 30,979,474 $ 30,971,249