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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Jun. 30, 2019
Jun. 30, 2018
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Less: unamortized deferred financing costs $ (1,350,000)  
Debt maturities net of unamortized deferred financing costs   $ 166,538,840
Weighted average interest rate (as a percent) 4.04%  
Effective interest rate (as a percent) 4.11%  
Investment Properties    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2019 $ 201,600  
3/31/2020 209,541  
3/31/2021 217,796  
3/31/2022 226,376  
3/31/2023 235,293  
Thereafter 166,263,991  
Total 167,354,597  
Less: unamortized deferred financing costs (905,169)  
Debt maturities net of unamortized deferred financing costs 166,449,428  
Hamilton Essex 81    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 10,000,000  
Total 10,000,000  
Less: unamortized deferred financing costs (86,182)  
Debt maturities net of unamortized deferred financing costs 9,913,818 9,900,029
345 Franklin    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2019 201,600  
3/31/2020 209,541  
3/31/2021 217,796  
3/31/2022 226,376  
3/31/2023 235,293  
Thereafter 8,363,991  
Total 9,454,597  
Less: unamortized deferred financing costs (59,926)  
Debt maturities net of unamortized deferred financing costs 9,394,671 9,581,970
Hamilton Minuteman    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 6,000,000  
Total 6,000,000  
Less: unamortized deferred financing costs (99,907)  
Debt maturities net of unamortized deferred financing costs 5,900,093 5,891,909
Hamilton on Main Apts    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 16,900,000  
Total 16,900,000  
Less: unamortized deferred financing costs (82,932)  
Debt maturities net of unamortized deferred financing costs 16,817,068 16,801,017
Dexter Park    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 125,000,000  
Total 125,000,000  
Less: unamortized deferred financing costs (576,222)  
Debt maturities net of unamortized deferred financing costs $ 124,423,778 $ 124,363,915