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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
9 Months Ended
May 31, 2018
USD ($)
Sep. 12, 2016
USD ($)
Sep. 30, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Sep. 30, 2023
USD ($)
property
Sep. 30, 2022
USD ($)
property
Dec. 31, 2022
USD ($)
Oct. 28, 2009
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Investments in joint venture         $ 1,438,255   $ 1,437,387  
Repayment of loan   $ 5,158,000            
Distribution to the Partnership         8,545,265 $ 8,123,130    
Mortgage Notes Payable         $ 409,253,129   $ 410,966,199  
Dexter Park                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units         409 409   409
Distribution to the Partnership $ 41,200,000              
Outstanding amount of mortgage         $ 125,000,000      
Mortgage Notes Payable $ 82,000,000       $ 124,698,426 $ 124,633,803    
Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units       48 49 49    
Number of properties in which borrowing amount collateralized | item       1        
Distribution to the Partnership     $ 978,193          
Mortgage Notes Payable         $ 9,972,422 $ 9,958,633    
Hamilton Essex Development                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units | property         1 1    
Capacity of real estate property (in cars per lot) | item       50        
Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Investments in joint venture       $ 2,000,000        
Ownership interest (as a percent)       50.00%        
Purchase price of real estate properties       $ 14,300,000        
Residential buildings | Dexter Park                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units | property         409 409    
Residential buildings | Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units | property         48 48    
Commercial | Hamilton Essex 81                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units | property         1 1    
Commercial | Hamilton Essex Development                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Number of units | property         1 1    
Mortgages payable | Maximum                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Interest rate (as a percent)         4.95%      
Mortgages payable | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Borrowings       $ 10,750,000        
Mortgages payable | Dexter Park                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Mortgage amount               $ 89,914,000
Interest rate (as a percent)               5.57%
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 [Member]                
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                
Margin over basis of interest rate (as a percent)     2.18%