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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details)
1 Months Ended 6 Months Ended
Mar. 08, 2024
USD ($)
Sep. 12, 2016
USD ($)
Aug. 31, 2014
USD ($)
Aug. 31, 2004
USD ($)
item
Jun. 30, 2024
USD ($)
property
Jun. 30, 2023
USD ($)
property
Apr. 18, 2024
Dec. 31, 2023
USD ($)
Aug. 23, 2023
USD ($)
Dec. 31, 2018
USD ($)
Mar. 02, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                      
Investments in joint venture         $ 1,413,318     $ 1,441,291     $ 2,352,000
Outstanding amount of mortgage         407,457,271     $ 408,660,292      
Repayment of loan   $ 5,158,000                  
Distribution to the Partnership         $ 8,443,134 $ 7,128,758          
Hamilton on Main Apts                      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                      
Number of units | property         148 148          
Outstanding amount of mortgage         $ 16,897,325 $ 16,881,274          
Hamilton on Main Apts                      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                      
Debt Instrument, Cost of Transfer Of Interests In Borrower $ 107,000                    
Debt Instrument, Courtesy Reduction As A Percentage Of Transfer Fee             50.00%        
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              
Mortgage amount                 $ 16,900,000    
Outstanding amount of mortgage         $ 16,900,000            
Distribution to the Partnership     $ 850,000                
Hamilton on Main Apartments, LLC | Mortgage, 5.18%, 2005                      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                      
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                
Maximum | Hamilton on Main Apartments, LLC                      
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                      
Carrying value                   $ 0