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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
6 Months Ended
Oct. 12, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Jun. 30, 2020
USD ($)
property
Jun. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 20, 2019
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Investments in joint venture         $ 1,453,894   $ 1,430,402  
Repayment of loan $ 5,158,000              
Distribution to the Partnership         2,338,034 $ 2,352,443    
Mortgage Notes Payable         $ 284,402,031   $ 281,771,246  
Maximum                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Mortgage amount               $ 35,000,000
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Investments in joint venture       $ 2,000,000        
Ownership interest (as a percent)       50.00%        
Purchase price of investments       $ 14,300,000        
Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Ownership interest (as a percent)           50.00%    
Number of units       48 49 49    
Number of properties in which borrowing amount collateralized | item       1        
Capital contributions     $ 100,000          
Distribution to the Partnership   $ 978,193            
Hamilton Essex Development                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Investments in joint venture         $ 1,404,887 $ 1,431,077    
Ownership interest (as a percent)           50.00%    
Number of units         1 1    
Capacity of real estate property (in cars per lot) | item       50        
Capital contributions     978,193          
Residential buildings | Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units         48 48    
Commercial | Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units         1 1    
Commercial | Hamilton Essex Development                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units         1 1    
Mortgages payable | Maximum                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Interest rate (as a percent)         5.66%      
Mortgages payable | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Borrowings       $ 10,750,000        
Mortgages payable | Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Amount of loan proceeds utilized for pay off the existing mortgage   $ 8,040,719            
Term of debt   10 years            
Mortgage Notes Payable         $ 10,000,000      
Borrowings   $ 10,000,000            
Mortgages payable | Hamilton Essex 81 | LIBOR                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Margin over basis of interest rate (as a percent)   2.18%            
Mortgages payable | Hamilton Essex Development                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Repayment of loan     $ 1,952,286