Securities Available for Sale (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Securities Available for Sale (Textual)
Available for sale securities	$ 63,347,985		$ 63,347,985		$ 63,555,961
Limitation of investment description			The Company generally limits its investment in marketable securities to no more than approximately 15% of its undepreciated assets.
Securities sold			$ 971,755
Gain on sale of securities available for sale	$ 21,548	$ 707,054	79,748	$ 1,215,457
Purchases of securities available for sale			$ 7,528,787	$ 5,018,926
Common stock purchased from Monmouth Real Estate Investment Corporation			60,022
Common stock purchased from Monmouth Real Estate Investment Corporation, value			$ 577,462
Company owns total number of shares in MREIC			2,055,831
Total net unrealized loss in REIT securities portfolio			$ (1,724,773)
Weighted average cost per shares			$ 9.62
Cost of common stock owned by the Company for MREIC shares			$ 17,221,971
Fair Value of common stock owned by the Company for MREIC shares			$ 19,982,670