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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
3/31/2019 $ 205,532    
3/31/2020 213,629    
3/31/2021 222,044    
3/31/2022 230,791    
3/31/2023 17,139,883    
Thereafter 149,242,892    
Total 167,254,771    
Less: unamortized deferred financing costs (850,515)    
Debt maturities net of unamortized deferred financing costs $ 166,404,256 $ 166,492,692 $ 124,145,012
Weighted average interest rate (as a percent) 4.03%    
Effective interest rate (as a percent) 4.09%    
Hamilton Essex 81      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Thereafter $ 10,000,000    
Total 10,000,000    
Less: unamortized deferred financing costs (79,287)    
Debt maturities net of unamortized deferred financing costs 9,920,713 9,906,924 9,893,135
345 Franklin      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
3/31/2019 205,532    
3/31/2020 213,629    
3/31/2021 222,044    
3/31/2022 230,791    
3/31/2023 239,883    
Thereafter 8,242,892    
Total 9,354,771    
Less: unamortized deferred financing costs (56,597)    
Debt maturities net of unamortized deferred financing costs 9,298,174 9,489,257 9,672,846
Hamilton Minuteman      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Thereafter 6,000,000    
Total 6,000,000    
Less: unamortized deferred financing costs (95,815)    
Debt maturities net of unamortized deferred financing costs 5,904,185 5,896,001 5,887,818
Hamilton on Main Apts      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
3/31/2023 16,900,000    
Total 16,900,000    
Less: unamortized deferred financing costs (74,906)    
Debt maturities net of unamortized deferred financing costs 16,825,094 16,809,043 16,792,991
Dexter Park      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES      
Thereafter 125,000,000    
Total 125,000,000    
Less: unamortized deferred financing costs (543,910)    
Debt maturities net of unamortized deferred financing costs $ 124,456,090 $ 124,391,467 $ 81,898,222