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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details)
1 Months Ended 12 Months Ended
Aug. 23, 2023
USD ($)
Sep. 12, 2016
USD ($)
Aug. 31, 2004
USD ($)
item
Aug. 31, 2014
USD ($)
Dec. 31, 2023
USD ($)
property
Dec. 31, 2022
USD ($)
property
Dec. 31, 2021
USD ($)
property
Dec. 31, 2005
USD ($)
item
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
Mortgage amount                 $ 80,284,000 $ 37,065,000 $ 156,000,000 $ 65,305,000  
Outstanding amount of mortgage         408,660,292 410,966,199              
Repayment of loan   $ 5,158,000                      
Distribution to the Partnership         $ 9,954,888 $ 9,267,981 $ 4,673,140            
Hamilton on Main Apts                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Number of units | property         148 148 148            
Outstanding amount of mortgage         $ 16,889,299 $ 16,873,248 $ 16,857,197            
Hamilton on Main Apts                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Cost associated with loan extension $ 107,000                        
Hamilton on Main Apartments, LLC                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Investments in joint venture     $ 8,000,000                    
Ownership interest (as a percent) 50.00%   50.00%                    
Purchase price of real estate properties     $ 56,000,000                    
Number of units | item     280                    
Number of units sold | item     137                    
Term of debt               10 years          
Number of buildings | item               3          
Mortgage amount $ 16,900,000                        
Outstanding amount of mortgage         $ 16,900,000                
Period for which the entity is required to make interest only payments               3 years          
Distribution to the Partnership       $ 850,000                  
Carrying value           $ 0              
Hamilton on Main Apartments, LLC | Mortgage, 5.18%, 2005                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Mortgage amount               $ 16,825,000          
Interest rate (as a percent)               5.18%          
Amortization period of debt               30 years          
Term excluding period for which interest only payments to be made               7 years          
Net proceeds after funding escrow accounts and closing costs               $ 16,700,000          
Repayment of loan       $ 15,205,000                  
Hamilton on Main Apartments, LLC | Mortgage, 4.34%, August 2014                          
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Term of debt       10 years                  
Mortgage amount       $ 16,900,000                  
Interest rate (as a percent)       4.34%                  
Closing Costs       $ 161,000                  
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         148 148 148