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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Jun. 30, 2018
Jun. 30, 2017
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Less: unamortized deferred financing costs $ (1,450,000)  
Debt maturities net of unamortized deferred financing costs   $ 124,938,378
Weighted average interest rate (as a percent) 3.87%  
Effective interest rate (as a percent) 3.98%  
Investment Properties    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2018 $ 193,959  
3/31/2019 201,599  
3/31/2020 209,541  
3/31/2021 217,796  
3/31/2022 226,376  
Thereafter 166,499,284  
Total 167,548,555  
Less: unamortized deferred financing costs (1,009,715)  
Debt maturities net of unamortized deferred financing costs 166,538,840  
Hamilton Essex 81    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 10,000,000  
Total 10,000,000  
Less: unamortized deferred financing costs (99,971)  
Debt maturities net of unamortized deferred financing costs 9,900,029 9,886,240
345 Franklin    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2018 193,959  
3/31/2019 201,599  
3/31/2020 209,541  
3/31/2021 217,796  
3/31/2022 226,376  
Thereafter 8,599,284  
Total 9,648,555  
Less: unamortized deferred financing costs (66,585)  
Debt maturities net of unamortized deferred financing costs 9,581,970 9,761,919
Hamilton Minuteman    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 6,000,000  
Total 6,000,000  
Less: unamortized deferred financing costs (108,091)  
Debt maturities net of unamortized deferred financing costs 5,891,909 5,883,726
Hamilton on Main Apts    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 16,900,000  
Total 16,900,000  
Less: unamortized deferred financing costs (98,983)  
Debt maturities net of unamortized deferred financing costs 16,801,017 16,784,966
Dexter Park    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 125,000,000  
Total 125,000,000  
Less: unamortized deferred financing costs (636,085)  
Debt maturities net of unamortized deferred financing costs $ 124,363,915 $ 82,621,527