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SUBSEQUENT EVENTS (Details 2) (USD $)
3 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2012
Historical
Dec. 31, 2012
Subsequent event
item
Feb. 25, 2013
Subsequent event
Mortgage Notes Payable
Hamilton Cypress LLC Commercial-1031Exchange Brookline, Massachusetts
Mar. 11, 2013
Subsequent event
Mortgage Notes Payable
Property located at School Street
Mar. 11, 2013
Subsequent event
Mortgage Notes Payable
Boylston Downtown LP and Westgate Apartments LLC
Mar. 22, 2013
Subsequent event
Mortgage Notes Payable
Boylston Downtown
Mar. 22, 2013
Subsequent event
Mortgage Notes Payable
Westgate Apartments LLC
Dec. 31, 2012
Pro Forma
Dec. 31, 2012
Pro Forma
Adjustments Refinancing
SUBSEQUENT EVENTS                                          
Amount of mortgage paid off                             $ 3,697,000            
Amount of new loan                               15,000,000          
Interest rate (as a percent)                               3.70%          
Period of interest on loans                               3 years          
Deferred financing cost associated with mortgage                               159,000          
Total amount expected to be refinanced                                 28,000,000 19,500,000 7,932,000    
Additional debt that entity can borrow                                 29,000,000        
Change in mortgage debt related to number of mortgaged properties                           4              
Expected amount of new loan                                   40,000,000 17,000,000    
ASSETS                                          
Rental Properties 95,435,850       98,924,534       95,435,850 98,924,534     95,435,850             95,435,850  
Cash and Cash Equivalents 6,981,906       4,050,157       6,981,906 4,050,157 3,245,361 2,879,663 6,981,906             28,447,599 21,465,693
Rents Receivable 475,083       434,252       475,083 434,252     475,083             475,083  
Real Estate Tax Escrows 449,652       401,325       449,652 401,325     449,652             449,652  
Prepaid Expenses and Other Assets 3,073,890       3,866,652       3,073,890 3,866,652     3,073,890             5,102,290 2,028,400
Investments in Unconsolidated Joint Ventures 13,986,173       16,780,657       13,986,173 16,780,657     13,986,173             13,986,173  
Financing and Leasing Fees 1,135,936       919,187       1,135,936 919,187     1,135,936             2,581,731 1,445,795
Total Assets 121,538,490       125,376,764       121,538,490 125,376,764     121,538,490             146,478,378 24,939,888
LIABILITIES AND PARTNERS' CAPITAL                                          
Mortgage Notes Payable 138,055,522       139,161,612       138,055,522 139,161,612     138,055,522             163,035,536 24,980,014
Accounts Payable and Accrued Expenses 2,361,942       2,253,696       2,361,942 2,253,696     2,361,942             2,361,942  
Advance Rental Payments and Security Deposits 3,636,704       3,603,708       3,636,704 3,603,708     3,636,704             3,636,704  
Total Liabilities 144,054,168       146,687,616       144,054,168 146,687,616     144,054,168             169,034,182 24,980,014
Partners' Capital 130,444 units outstanding in 2012 (22,515,677)       (21,310,851)       (22,515,677) (21,310,851) (26,920,566) (21,332,823) (22,515,678)             (22,555,804) (40,126)
Total Liabilities and Partners' Capital 121,538,490       125,376,764       121,538,490 125,376,764     121,538,490             146,478,378 24,939,888
Partners' Capital, units outstanding 130,444       131,484       130,444 131,484 131,484 132,346               130,444  
Revenues                                          
Rental income                 35,244,008 33,608,799 31,816,175   35,244,008             35,244,008  
Laundry and sundry income                 388,401 426,803 439,782   388,401             388,401  
Total Revenues 9,104,015 8,875,596 8,800,416 8,852,382 8,760,538 8,648,526 8,345,643 8,280,894 35,632,409 34,035,602 32,255,957   35,632,409             35,632,409  
Expenses                                          
Administrative                 1,825,951 1,707,408 1,772,599   1,825,951             1,825,951  
Depreciation and amortization                 6,092,725 5,910,746 5,531,509   6,092,725             6,205,673 112,948
Management fee                 1,446,620 1,404,467 1,330,157   1,446,620             1,446,620  
Operating                 3,633,619 4,080,647 3,784,401   3,633,619             3,633,619  
Renting                 183,529 365,110 528,686   183,529             183,529  
Repairs and maintenance                 5,179,408 5,056,054 4,886,724   5,179,408             5,179,408  
Taxes and insurance                 4,348,492 4,146,554 4,082,588   4,348,492             4,348,492  
Total Expenses 5,704,596 5,730,319 5,413,735 5,861,694 5,722,971 5,665,232 5,508,842 5,773,941 22,710,344 22,670,986 21,916,664   22,710,344             22,823,292 112,948
Income Before Other Income and Discontinued Operations 3,399,419 3,145,277 3,386,681 2,990,688 3,037,567 2,983,294 2,836,801 2,506,953 12,922,065 11,364,616 10,339,293   12,922,065             12,809,117 (112,948)
Other Income (Loss)                                          
Interest income                 2,216 3,861 5,932   2,216             2,216  
Interest expense                 (7,802,999) (7,965,422) (8,053,628)   (7,802,999)             (7,730,177) 72,822
(Loss) from investments in unconsolidated joint ventures                 (1,487,484) (1,913,800) (3,869,996)   (1,487,484)             (1,487,484)  
Other (loss)                     (700)                    
Total Other Income (Expense) (2,214,288) (2,370,824) (2,339,420) (2,363,735) (2,469,002) (2,523,314) (2,480,305) (2,402,740) (9,288,267) (9,875,361) (11,918,392)   (9,288,267)             (9,215,445) 72,822
Income (loss) from Continuing Operations                 3,633,798 1,489,255 (1,579,099)   3,633,798             3,593,672 (40,126)
Discontinued Operations                                          
Income from discontinued operations                   81,567 219,867                    
(Gain) on sale of real estate from discontinued operations                   (7,720,459)                      
Total Discontinued Operations         (308) (3,054) 7,736,789 68,599   7,802,026 219,867                    
Net Income (loss) $ 1,185,131 $ 774,453 $ 1,047,261 $ 626,953 $ 568,257 $ 456,926 $ 8,093,285 $ 172,812 $ 3,633,798 $ 9,291,281 $ (1,359,232)   $ 3,633,798             $ 3,593,672 $ (40,126)
Income (loss) per Unit                                          
Income (loss) before discontinued operations (in dollars per unit) $ 9.07 $ 5.90 $ 7.97 $ 4.77 $ 4.33 $ 3.50 $ 2.71 $ 0.79 $ 27.69 $ 11.33 $ (11.99)   $ 27.69             $ 27.38 $ (0.31)
Income from discontinued operations (in dollars per unit)           $ (0.02) $ 58.84 $ 0.52   $ 59.34 $ 1.67                    
Net Income per Unit (in dollars per unit) $ 9.07 $ 5.90 $ 7.97 $ 4.77 $ 4.33 $ 3.48 $ 61.55 $ 1.31 $ 27.69 $ 70.67 $ (10.32)   $ 27.69             $ 27.38 $ (0.30)
Weighted Average Number of Units Outstanding (in units)                 131,230 131,484 131,696   131,230             131,230 131,230