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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
3 Months Ended
Sep. 12, 2016
USD ($)
Sep. 30, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Mar. 31, 2024
USD ($)
property
Mar. 31, 2023
USD ($)
property
Dec. 31, 2023
USD ($)
Mar. 02, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 1,416,930   $ 1,441,291 $ 2,352,000
Repayment of loan $ 5,158,000            
Distribution to the Partnership       7,038,955 $ 5,704,385    
Mortgage Notes Payable       $ 408,060,293   $ 408,660,292  
Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units     48 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        
Distribution to the Partnership   $ 978,193          
Mortgage Notes Payable       $ 9,979,316 $ 9,965,527    
Hamilton Essex 81 | Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Carrying value   $ 0          
Hamilton Essex 81 | LIBOR              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Basis of interest rate   one month          
Hamilton Essex Development              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property       1 1    
Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture     $ 2,000,000        
Ownership interest (as a percent)     50.00%        
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              
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