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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton Essex) (Details)
3 Months Ended
Oct. 12, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Mar. 07, 2005
USD ($)
item
Mar. 31, 2021
USD ($)
property
Mar. 31, 2020
USD ($)
property
Dec. 31, 2020
USD ($)
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture         $ 1,400,524   $ 1,410,769
Repayment of loan $ 5,158,000            
Distribution to the Partnership         1,168,860 $ 1,169,173  
Mortgage Notes Payable         $ 282,951,918   $ 283,444,533
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture       $ 2,000,000      
Ownership interest (as a percent)       50.00%      
Purchase price of investments       $ 14,300,000      
Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Ownership interest (as a percent)           50.00%  
Number of units       48 49 49  
Number of properties in which borrowing amount collateralized | item       1      
Capital contributions     $ 100,000        
Distribution to the Partnership   $ 978,193          
Mortgage Notes Payable         $ 9,937,949 $ 9,924,160  
Hamilton Essex Development              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Investments in joint venture         $ 1,350,988 $ 1,413,123  
Ownership interest (as a percent)           50.00%  
Number of units | property         1 1  
Capacity of real estate property (in cars per lot) | item       50      
Capital contributions     978,193        
Residential buildings | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property         48 48  
Commercial | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property         1 1  
Commercial | Hamilton Essex Development              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Number of units | property         1 1  
Mortgages payable | Maximum              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Interest rate (as a percent)         5.66%    
Mortgages payable | Hamilton Essex Development, LLC and Hamilton Essex 81, LLC              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Borrowings       $ 10,750,000      
Mortgages payable | Hamilton Essex 81              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Amount of loan proceeds utilized for pay off the existing mortgage   $ 8,040,719          
Term of debt   10 years          
Mortgage Notes Payable         $ 10,000,000    
Borrowings   $ 10,000,000          
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              
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES              
Repayment of loan     $ 1,952,286