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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
12 Months Ended
May 31, 2018
USD ($)
Sep. 12, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Oct. 28, 2009
USD ($)
item
Mar. 07, 2005
USD ($)
item
Dec. 31, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
property
Dec. 31, 2021
USD ($)
property
Jun. 16, 2022
USD ($)
Jun. 15, 2022
USD ($)
Nov. 30, 2021
USD ($)
Nov. 29, 2021
USD ($)
Mar. 02, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Investments in joint venture             $ 1,441,291 $ 1,437,387           $ 2,352,000
Repayment of loan   $ 5,158,000                        
Mortgage amount                   $ 80,284,000 $ 37,065,000 $ 156,000,000 $ 65,305,000  
Distribution to the Partnership             9,954,888 9,267,981 $ 4,673,140          
Mortgage Notes Payable             $ 408,660,292 $ 410,966,199            
Dexter Park                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units         409   409 409 409          
Purchase price of real estate properties         $ 129,500,000                  
Distribution to the Partnership $ 41,200,000                          
Mortgage Notes Payable $ 82,000,000           $ 124,714,582 $ 124,649,959 $ 124,585,336          
Hamilton Essex 81                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units           48 49 49 49          
Number of properties in which borrowing amount collateralized | item           1                
Purchase price of real estate properties           $ 14,300,000                
Capacity of real estate property (in cars per lot) | item           50                
Capital contributions       $ 100,000                    
Distribution to the Partnership     $ 978,193                      
Mortgage Notes Payable             $ 9,975,869 $ 9,962,080 $ 9,948,291          
Hamilton Essex 81 | Maximum                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Carrying value     $ 0                      
Hamilton Essex 81 | LIBOR [Member]                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Basis of interest rate     one month LIBOR                      
Hamilton Essex Development                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units | property             1 1 1          
Repayment of loan       1,952,286                    
Capital contributions       $ 978,193                    
Hamilton Essex 81                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Investments in joint venture           $ 2,000,000                
Ownership interest (as a percent)           50.00%                
Residential buildings | Dexter Park                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units | property             409 409 409          
Residential buildings | Hamilton Essex 81                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units | property             48 48 48          
Commercial                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of properties in which borrowing amount collateralized | property             2              
Commercial | Hamilton Essex 81                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units | property             1 1 1          
Commercial | Hamilton Essex Development                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Number of units | property             1 1 1          
Mortgages payable | Maximum                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Interest rate (as a percent)             4.95%              
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                            
Mortgage amount     $ 10,000,000                      
Term of debt     10 years                      
Mortgage Notes Payable             $ 10,000,000              
Borrowings           $ 10,750,000                
Mortgages payable | Hamilton Essex 81 | LIBOR [Member]                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Margin over basis of interest rate (as a percent)     2.18%                      
Mortgages payable | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                            
Repayment of loan     $ 8,040,719