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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (345 Franklin) (Details)
1 Months Ended 3 Months Ended
Oct. 12, 2016
USD ($)
Jun. 30, 2013
USD ($)
Mar. 31, 2020
USD ($)
property
Mar. 31, 2019
USD ($)
property
Dec. 31, 2019
USD ($)
Dec. 20, 2019
USD ($)
Nov. 30, 2001
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 1,460,406 $ 1,801,702 $ 1,430,402    
Number of units | property       1,033      
Repayment of loan $ 5,158,000            
Distribution to the Partnership     1,169,173 $ 1,177,353      
Outstanding amount of mortgage     $ 284,905,564   $ 281,771,246    
Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Mortgage amount           $ 35,000,000  
Maximum | Mortgages payable              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)     5.66%        
345 Franklin | Mortgages payable              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Outstanding amount of mortgage     $ 9,304,000        
Residential buildings              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property       1,030      
345 Franklin              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture             $ 1,533,000
Ownership interest (as a percent)       50.00%     50.00%
Number of units     40 40     40
Distribution to the Partnership   $ 1,610,000          
Legal obligation to fund operating results     $ 0        
345 Franklin | Mortgages payable              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt   15 years          
Interest rate (as a percent)   3.87%          
Period for which the entity is required to make interest only payments   3 years          
Amortization period of debt   30 years          
Repayment of loan   $ 6,776,000          
Borrowings   $ 10,000,000          
345 Franklin | Residential buildings              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property     40 40