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MORTGAGE NOTES PAYABLE (Line of Credit) (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 22, 2020
USD ($)
Dec. 20, 2019
USD ($)
Sep. 30, 2015
Jul. 31, 2014
USD ($)
item
Aug. 31, 2014
Mar. 31, 2021
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2005
Oct. 31, 2020
USD ($)
Dec. 19, 2019
USD ($)
Aug. 31, 2017
USD ($)
Mar. 07, 2005
item
Line of Credit                        
Interest expense           $ 3,364,170 $ 3,450,325          
Line Of Credit Facility Unused Capacity Commitment Fee           3,000            
Hamilton Essex 81                        
Line of Credit                        
Interest expense           61,312 $ 100,733          
Number of properties in which borrowing amount collateralized | item                       1
Minimum                        
Line of Credit                        
Tangible net worth           $ 150,000,000            
Operating income to indebtedness ratio           9.50%            
Debt service coverage ratio           1.6            
Maximum                        
Line of Credit                        
Leverage ratio           65.00%            
Aggregate increase in indebtedness           $ 15,000,000            
Mortgages payable | Hamilton Essex 81                        
Line of Credit                        
Term of debt     10 years                  
Mortgages payable | Hamilton on Main Apartments, LLC                        
Line of Credit                        
Term of debt         10 years     10 years        
Mortgages payable | LIBOR | Hamilton Essex 81                        
Line of Credit                        
Variable interest rate spread     2.18%                  
Line of Credit                        
Line of Credit                        
Maximum borrowings       $ 25,000,000                
Term of debt       3 years                
Loan amount                   $ 20,000,000    
Payment on line of credit $ 1,000,000 $ 2,000,000                    
Amount of refinancing costs                 $ 37,500   $ 128,000  
Credit line balance           $ 17,000,000            
Number of properties in which borrowing amount collateralized | item       23                
Line of Credit | Federal Funds Rate                        
Line of Credit                        
Variable interest rate spread       0.50%                
Line of Credit | LIBOR                        
Line of Credit                        
Additional applicable margin rate       2.50%                
Variable interest rate spread       1.00%                
Line of Credit | Minimum                        
Line of Credit                        
Pledged interest ownership percentage           49.00%            
Commitment fee for unused amount (as a percent)       0.15%                
Line of Credit | Maximum                        
Line of Credit                        
Pledged interest ownership percentage           100.00%            
Commitment fee for unused amount (as a percent)       0.20%