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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Sep. 30, 2019
Sep. 30, 2018
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Less: unamortized deferred financing costs $ (1,293,000)  
Debt maturities net of unamortized deferred financing costs   $ 166,513,618
Weighted average interest rate (as a percent) 4.03%  
Effective interest rate (as a percent) 4.09%  
Investment Properties    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2019 $ 203,556  
3/31/2020 211,575  
3/31/2021 219,910  
3/31/2022 228,573  
3/31/2023 237,577  
Thereafter 166,203,734  
Total 167,304,925  
Less: unamortized deferred financing costs (877,842)  
Debt maturities net of unamortized deferred financing costs 166,427,083  
Hamilton Essex 81    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 10,000,000  
Total 10,000,000  
Less: unamortized deferred financing costs (82,734)  
Debt maturities net of unamortized deferred financing costs 9,917,266 9,903,476
345 Franklin    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
3/31/2019 203,556  
3/31/2020 211,575  
3/31/2021 219,910  
3/31/2022 228,573  
3/31/2023 237,577  
Thereafter 8,303,734  
Total 9,404,925  
Less: unamortized deferred financing costs (58,262)  
Debt maturities net of unamortized deferred financing costs 9,346,663 9,535,846
Hamilton Minuteman    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 6,000,000  
Total 6,000,000  
Less: unamortized deferred financing costs (97,861)  
Debt maturities net of unamortized deferred financing costs 5,902,139 5,893,955
Hamilton on Main Apts    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 16,900,000  
Total 16,900,000  
Less: unamortized deferred financing costs (78,919)  
Debt maturities net of unamortized deferred financing costs 16,821,081 16,805,030
Dexter Park    
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES    
Thereafter 125,000,000  
Total 125,000,000  
Less: unamortized deferred financing costs (560,066)  
Debt maturities net of unamortized deferred financing costs $ 124,439,934 $ 124,375,311