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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
12 Months Ended
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Mar. 31, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 7,819,162 $ 8,807,868 $ 12,025,144  
Distribution to the Partnership       $ 3,785,883 $ 3,858,386 $ 3,893,662  
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 2,000,000        
Ownership interest (as a percent)     50.00%        
Purchase price of real estate properties     $ 14,300,000        
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC | Mortgage, March 2005              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount             $ 10,750,000
Repayment of loan $ 8,040,719            
Hamilton Essex 81 | Mortgage, 2.18% Plus LIBOR, September 2015              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount $ 10,000,000            
Hamilton Essex 81 | LIBOR | Mortgage, 2.18% Plus LIBOR, September 2015              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Margin over basis of interest rate (as a percent) 2.18%            
Basis of interest rate one month LIBOR            
Hamilton Essex Development | Mortgage, March 2005              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Repayment of loan   $ 1,952,286          
Apartment | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     48        
Commercial | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     1        
Car parking lot | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Capacity of real estate property (in cars per lot) | item     50