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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details)
1 Months Ended 9 Months Ended
Aug. 23, 2023
USD ($)
Sep. 12, 2016
USD ($)
Aug. 31, 2014
USD ($)
Aug. 31, 2004
USD ($)
item
Sep. 30, 2023
USD ($)
property
Sep. 30, 2022
USD ($)
property
Dec. 31, 2022
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture         $ 1,438,255   $ 1,437,387
Outstanding amount of mortgage         409,253,129   $ 410,966,199
Repayment of loan   $ 5,158,000          
Distribution to the Partnership         $ 8,545,265 $ 8,123,130  
Hamilton on Main Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units       280 148 148  
Number of units sold | item       137      
Outstanding amount of mortgage         $ 16,885,286 $ 16,869,235  
Hamilton on Main Apartments, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Purchase price of real estate properties       $ 56,000,000      
Hamilton on Main Apartments, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 8,000,000      
Ownership interest (as a percent)       50.00%      
NERA 50%              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Ownership interest (as a percent) 50.00%       50.00% 50.00%  
Residential buildings | Hamilton on Main Apts              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property         148 148  
Mortgages payable | Hamilton on Main Apartments, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Term of debt     10 years        
Outstanding amount of mortgage         $ 16,900,000    
Interest rate (as a percent)     4.34%        
Debt Instrument, Loan Proceeds distributed to the Partnership     $ 850,000        
Repayment of loan     15,205,000        
Cost associated with loan extension     161,000        
Borrowings $ 16,900,000   $ 16,900,000