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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Sep. 30, 2018
Sep. 30, 2017
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Less: unamortized deferred financing costs $ (1,395,000)  
Debt maturities net of unamortized deferred financing costs   $ 124,550,899
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 $ 195,841  
3/31/2019 203,556  
3/31/2020 211,575  
3/31/2021 219,910  
3/31/2022 228,573  
Thereafter 166,441,311  
Total 167,500,766  
Less: unamortized deferred financing costs (987,148)  
Debt maturities net of unamortized deferred financing costs 166,513,618  
Hamilton Essex 81    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 10,000,000  
Total 10,000,000  
Less: unamortized deferred financing costs (96,523)  
Debt maturities net of unamortized deferred financing costs 9,903,477 9,889,687
345 Franklin    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2018 195,841  
3/31/2019 203,556  
3/31/2020 211,575  
3/31/2021 219,910  
3/31/2022 228,573  
Thereafter 8,541,311  
Total 9,600,766  
Less: unamortized deferred financing costs (64,921)  
Debt maturities net of unamortized deferred financing costs 9,535,845 9,717,606
Hamilton Minuteman    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 6,000,000  
Total 6,000,000  
Less: unamortized deferred financing costs (106,045)  
Debt maturities net of unamortized deferred financing costs 5,893,955 5,885,772
Hamilton on Main Apts    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 16,900,000  
Total 16,900,000  
Less: unamortized deferred financing costs (94,970)  
Debt maturities net of unamortized deferred financing costs 16,805,030 16,788,979
Dexter Park    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 125,000,000  
Total 125,000,000  
Less: unamortized deferred financing costs (624,689)  
Debt maturities net of unamortized deferred financing costs $ 124,375,311 $ 82,268,855