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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 9 Months Ended 12 Months Ended
Sep. 28, 2015
USD ($)
Oct. 18, 2013
USD ($)
Oct. 28, 2009
USD ($)
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Mar. 07, 2005
USD ($)
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Mar. 02, 2005
USD ($)
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Aug. 31, 2014
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Jun. 30, 2013
USD ($)
Apr. 30, 2008
USD ($)
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Feb. 28, 2007
USD ($)
Jan. 31, 2007
USD ($)
Oct. 31, 2004
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Sep. 30, 2015
USD ($)
item
Sep. 30, 2014
USD ($)
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Dec. 31, 2005
USD ($)
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Nov. 01, 2015
item
Dec. 31, 2014
USD ($)
May. 31, 2008
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Dec. 31, 2006
USD ($)
Oct. 03, 2005
USD ($)
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Sep. 30, 2004
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Aug. 31, 2004
USD ($)
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Nov. 30, 2001
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of limited partnerships and limited liability companies in which the entity has invested | item                       9                    
Number of partnerships investing in commercial property | item                       3                    
Investments in joint venture                       $ 8,299,289       $ 8,807,868            
Outstanding amount of mortgage loan                       195,972,822       $ 196,071,540            
Interest paid                       7,214,000 $ 6,444,000                  
Distribution to the Partnership                       2,845,573 $ 2,898,801                  
Carrying value of investment to discontinue applying the equity method                       $ 0                    
Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Capital contributions   $ 660,000                                        
Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest     40.00%                 40.00% 40.00%                  
Investments in joint venture     $ 15,925,000                 $ 4,003,209 $ 4,931,804                  
Total | item     409                 409 409                  
Purchase price of investments     $ 129,500,000                                      
Number of units retained for long-term investment | item                       409 409                  
Dexter Park | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings     $ 89,914,000                                      
Interest rate (as a percent)     5.57%                                      
Period for which the entity is required to make interest only payments     2 years                                      
Amortization period of debt     30 years                                      
Outstanding amount of mortgage loan                       $ 85,248,000                    
Hamilton Bay Apartments                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%           50.00%      
Investments in joint venture                       $ 864,149 $ 943,633           $ 2,500,000      
Total | item                       48 48   6       168      
Purchase price of investments                                     $ 30,875,000      
Borrowings                 $ 4,750,000                          
Interest rate (as a percent)                 5.57%                          
Period for which the entity is required to make interest only payments                 5 years                          
Amortization period of debt                 30 years                          
Number of units retained for long-term investment | item                       48 48           48      
Number of units sold | item                                     120      
Hamilton Bay Apartments | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage loan                       $ 4,522,000                    
Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%                  
Investments in joint venture                       $ 431,978 $ 522,876                  
Total | item                       120 120                  
Capital contributions   $ 660,000                                        
Number of units retained for long-term investment | item                         0                  
Number of units sold | item                       120 111                  
Number of Units in Real Estate Property to be Sold | item                       114 120                  
Hamilton Bay Sales | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item               20                            
Borrowings               $ 2,368,000                            
Interest rate (as a percent)               5.75%                            
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest       50.00%                                    
Investments in joint venture       $ 2,000,000                                    
Purchase price of investments       14,300,000                                    
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings       $ 10,750,000                                    
Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%                  
Investments in joint venture                         $ 214,344                  
Total | item       48               49 49                  
Number of properties | item       1                                    
Number of units retained for long-term investment | item                       49 49                  
Cash inflow for its share of excess proceeds                       $ 978,193                    
Hamilton Essex 81 | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings                       $ 10,000,000                    
Term of debt                       10 years                    
Debt Instrument, Loan Proceeds Utilized to Pay Off Existing Mortgage                       $ 8,040,719                    
Hamilton Essex 81 | London Interbank Offered Rate | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Margin over basis of interest rate (as a percent)                       2.18%                    
Hamilton Essex Development                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%                  
Investments in joint venture                       $ 1,350,190 $ 361,891                  
Total | item                       1 1                  
Capital contributions $ 978,193                                          
Number of units retained for long-term investment | item                       1 1                  
Capacity of real estate property (in cars per lot) | item       50                                    
Additional Capital Contribution 100,000                                          
Hamilton Essex Development | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Repayment of loan $ 1,952,286                                          
Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest         50.00%             50.00% 50.00%                  
Investments in joint venture         $ 2,352,000             $ 135,475 $ 205,061                  
Total | item         176             176 176                  
Purchase price of investments         $ 23,750,000                                  
Number of units retained for long-term investment | item         49             49 49                  
Number of units sold | item         127             127 127                  
Number of Units in Real Estate Property to be Sold | item                       127 127                  
Hamilton 1025 | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings         $ 5,000,000                                  
Interest rate (as a percent)         5.67%                                  
Period for which the entity is required to make interest only payments         5 years                                  
Amortization period of debt         30 years                                  
Outstanding amount of mortgage loan                       $ 4,752,000                    
Term of debt         10 years                                  
Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%             50.00%    
Investments in joint venture                       $ 558,209 $ 652,833             $ 5,075,000    
Total | item                       42 42             42    
Purchase price of investments                                       $ 10,100,000    
Number of units retained for long-term investment | item                       42 42                  
Amount returned to partnership                     $ 3,775,000                      
Cash contribution by the entity towards loan                                   $ 1,250,000        
Hamilton Minuteman | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings                   $ 5,500,000 $ 8,025,000                      
Interest rate (as a percent)                   5.67%                        
Period for which the entity is required to make interest only payments                   5 years                        
Amortization period of debt                   30 years                        
Outstanding amount of mortgage loan                       $ 5,233,000                    
Term of debt                   10 years                        
Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%               50.00%  
Investments in joint venture                       $ 956,081 $ 1,510,654               $ 8,000,000  
Total | item                       148 148               280  
Purchase price of investments                                         $ 56,000,000  
Number of units retained for long-term investment | item                       148 148                  
Number of units sold | item                                 137          
Hamilton on Main Apartments, LLC | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of properties | item                           3                
Borrowings           $ 16,900,000               $ 16,825,000                
Interest rate (as a percent)           4.34%               5.18%                
Period for which the entity is required to make interest only payments                           3 years                
Amortization period of debt                           30 years                
Term of debt           10 years               10 years                
Cost associated with loan extension           $ 161,000                                
Term excluding period for which interest only payments to be made                           7 years                
Net proceeds after funding escrow accounts and closing costs                           $ 16,700,000                
Debt Instrument, Loan Proceeds Utilized to Pay Off Existing Mortgage           15,205,000                                
Debt Instrument, Loan Proceeds distributed to the Partnership           $ 850,000                                
345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00% 50.00%                 50.00%
Investments in joint venture                                           $ 1,533,000
Total | item                       40 40                 40
Number of units retained for long-term investment | item                       40 40                  
Distribution to the Partnership             $ 1,610,000                              
Carrying value of investment to discontinue applying the equity method             0                              
345 Franklin | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings             $ 10,000,000                              
Interest rate (as a percent)             3.87%                              
Period for which the entity is required to make interest only payments             3 years                              
Amortization period of debt             30 years                              
Term of debt             15 years                              
Repayment of loan             $ 6,776,000                              
Residential buildings | Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       409 409                  
Residential buildings | Hamilton Bay Apartments                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       48 48                  
Residential buildings | Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       120 120                  
Residential buildings | Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       48 48                  
Residential buildings | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       175 175                  
Residential buildings | Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       42 42                  
Residential buildings | Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       148 148                  
Residential buildings | 345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       40 40                  
Commercial | Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       1 1                  
Commercial | Hamilton Essex Development                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       1 1                  
Commercial | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Total | item                       1 1                  
Management Company                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of employees having ownership interest in the investment properties | item                       6                    
Minimum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                       3.76%                    
Minimum | Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       40.00%                    
Minimum | Harold Brown                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       43.20%                    
Maximum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                       5.97%                    
Maximum | Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       50.00%                    
Maximum | Harold Brown                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Percentage of ownership interest                       57.00%