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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details)
1 Months Ended 12 Months Ended
Aug. 31, 2004
USD ($)
item
Aug. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
item
Dec. 31, 2014
USD ($)
item
Dec. 31, 2013
USD ($)
item
Dec. 31, 2005
USD ($)
item
May. 31, 2008
item
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 on Main Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture $ 8,000,000       $ 2,475,752    
Ownership interest (as a percent) 50.00%     50.00% 50.00%    
Number of units | item 280   148 148 148    
Hamilton on Main Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Purchase price of real estate properties $ 56,000,000            
Number of units sold | item             137
Distribution to the Partnership   $ 850,000          
Hamilton on Main Apts | Mortgage, 5.18%, 2005              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt           10 years  
Number of buildings | item           3  
Mortgage amount           $ 16,825,000  
Interest rate (as a percent)           5.18%  
Period for which the entity is required to make interest only payments           3 years  
Amortization period of debt           30 years  
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  
Repayment of loan   $ 15,205,000          
Hamilton on Main Apts | Mortgage, 4.34%, August 2014              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt   10 years          
Mortgage amount   $ 16,900,000          
Interest rate (as a percent)   4.34%          
Refinancing costs       $ 161,000      
Residential buildings | Hamilton on Main Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | item     148 148 148