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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details)
1 Months Ended 9 Months Ended
Mar. 08, 2024
USD ($)
Sep. 12, 2016
USD ($)
Aug. 31, 2024
USD ($)
Aug. 31, 2014
USD ($)
Aug. 31, 2004
USD ($)
item
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Apr. 18, 2024
Dec. 31, 2023
USD ($)
Aug. 23, 2023
USD ($)
Dec. 31, 2018
USD ($)
Mar. 02, 2005
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                        
Investments in joint venture           $ 1,421,651     $ 1,441,291     $ 2,352,000
Outstanding amount of mortgage           406,846,877     $ 408,660,292      
Repayment of loan   $ 5,158,000                    
Distribution to the Partnership           9,844,390 $ 8,545,265          
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           $ 23,589,000            
Distribution to the Partnership     $ 2,000,000 $ 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%                
Repayment of loan     $ 16,900,000                  
Closing Costs       $ 161,000                
Hamilton on Main Apartments, LLC | Mortgage, 5.425%, August 2024                        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                        
Term of debt     10 years                  
Mortgage amount     $ 23,589,000                  
Interest rate (as a percent)     5.425%                  
Closing Costs     $ 243,000                  
Maximum | Hamilton on Main Apartments, LLC                        
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                        
Carrying value                     $ 0