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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
9 Months Ended
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Investments in joint venture       $ 8,452,484   $ 8,336,505
Distribution to the Partnership       3,358,648 $ 2,810,776  
Mortgage Notes Payable       233,615,499   $ 212,709,080
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 investments     $ 14,300,000      
Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Number of units | item     48      
Number of properties in which borrowing amount collateralized | item     1      
Capital contributions   $ 100,000        
Distribution to the Partnership $ 978,193          
Hamilton Essex Development            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Capacity of real estate property (in cars per lot) | item     50      
Capital contributions   978,193        
Mortgages payable | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Borrowings     $ 10,750,000      
Mortgages payable | Hamilton Essex 81            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Amount of loan proceeds utilized for pay off the existing mortgage $ 8,040,719          
Term of debt 10 years          
Mortgage Notes Payable       $ 10,000,000    
Borrowings $ 10,000,000          
Mortgages payable | Hamilton Essex 81 | LIBOR            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Margin over basis of interest rate (as a percent) 2.18%          
Mortgages payable | Hamilton Essex Development            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES            
Repayment of loan   $ 1,952,286