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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 12, 2016
USD ($)
Jul. 08, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 28, 2015
USD ($)
Oct. 28, 2009
USD ($)
item
Mar. 07, 2005
USD ($)
item
Mar. 02, 2005
USD ($)
item
Aug. 31, 2014
USD ($)
Jun. 30, 2013
USD ($)
Feb. 28, 2007
USD ($)
Jan. 31, 2007
USD ($)
Oct. 31, 2004
USD ($)
Mar. 31, 2018
USD ($)
property
item
Mar. 31, 2017
USD ($)
item
Dec. 31, 2005
USD ($)
Dec. 31, 2017
USD ($)
item
Mar. 01, 2017
USD ($)
Dec. 31, 2006
USD ($)
Oct. 03, 2005
USD ($)
item
Sep. 30, 2004
USD ($)
item
Aug. 31, 2004
USD ($)
item
Nov. 30, 2001
USD ($)
item
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of limited partnerships and limited liability companies in which the entity has invested | item                         8                  
Number of partnerships investing in commercial property | item                         3                  
Investments in joint venture                         $ 6,986,470 $ 9,955,145   $ 7,212,044            
Outstanding amount of mortgage                         253,584,894     $ 233,221,258            
Number of units | item                           1,033                
Number of units retained for long-term investment | item                           (690)                
Number of units sold | item                           264                
Interest paid                         3,010,000 $ 2,472,000                
Units to be sold | item                           343                
Distribution to the Partnership                         1,119,481 $ 1,119,687                
Carrying value of investment to discontinue applying the equity method                         $ 0                  
Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of limited partnerships and limited liability companies in which the entity has invested | item                         9                  
Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)         40.00%                 40.00%                
Investments in joint venture         $ 15,925,000                 $ 3,300,098                
Number of units | item         409                 409                
Number of units retained for long-term investment | item                           (409)                
Purchase price of investments         $ 129,500,000                                  
Dexter Park | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage                         $ 81,601,000                  
Interest rate (as a percent)         5.57%                                  
Period for which the entity is required to make interest only payments         2 years                                  
Amortization period of debt         30 years                                  
Borrowings         $ 89,914,000                                  
Hamilton Bay Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%         50.00%      
Investments in joint venture                           $ 2,956,030         $ 2,500,000      
Number of units | item                           48         168      
Number of units retained for long-term investment | item                           0         48      
Number of units sold | item                           1         120      
Interest rate (as a percent)                   5.57%                        
Period for which the entity is required to make interest only payments                   5 years                        
Amortization period of debt                   30 years                        
Purchase price of investments                                     $ 30,875,000      
Borrowings                   $ 4,750,000                        
Units to be sold | item                           46                
Hamilton Bay Apts | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage                                 $ 2,222,000          
Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%                
Investments in joint venture                           $ 79,747                
Number of units | item                           120                
Number of units sold | item                           120                
Units to be sold | item                           120                
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)           50.00%                                
Investments in joint venture           $ 2,000,000                                
Purchase price of investments           14,300,000                                
Hamilton Essex Development, LLC and Hamilton Essex 81, LLC | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Borrowings           $ 10,750,000                                
Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%                
Number of units | item           48               49                
Number of units retained for long-term investment | item                           (49)                
Capital contributions       $ 100,000                                    
Number of properties | item           1                                
Distribution to the Partnership     $ 978,193                                      
Hamilton Essex 81 | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage                         $ 10,000,000                  
Borrowings     $ 10,000,000                                      
Term of debt     10 years                                      
Hamilton Essex 81 | Mortgages payable | LIBOR                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Margin over basis of interest rate (as a percent)     2.18%                                      
Hamilton Essex Development                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%                
Investments in joint venture                           $ 1,336,486                
Number of units | item                           1                
Number of units retained for long-term investment | item                           (1)                
Capacity of real estate property (in cars per lot) | item           50                                
Capital contributions       978,193                                    
Hamilton Essex Development | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Repayment of loan       $ 1,952,286                                    
Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)             50.00%             50.00%                
Investments in joint venture             $ 2,352,000             $ 1,799,349                
Number of units | item             176           10 176                
Number of units retained for long-term investment | item             49             0                
Number of units sold | item             127           8 143   20            
Purchase price of investments             $ 23,750,000                              
Capital contributions   $ 2,359,500                                        
Units to be sold | item                           176                
Hamilton 1025 | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)             5.67%                              
Period for which the entity is required to make interest only payments             5 years                              
Amortization period of debt             30 years                              
Borrowings             $ 5,000,000                              
Term of debt             10 years                              
Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%           50.00%    
Investments in joint venture                           $ 70,108           $ 5,075,000    
Outstanding amount of mortgage                         $ 6,000,000                  
Number of units | item                           42           42    
Number of units retained for long-term investment | item                           (42)                
Purchase price of investments                                       $ 10,100,000    
Amount returned to partnership                       $ 3,775,000                    
Cash contribution by the entity towards loan                                   $ 1,250,000        
Hamilton Minuteman | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Mortgage amount $ 6,000,000                                          
Interest rate (as a percent) 3.71%                   5.67%                      
Period for which the entity is required to make interest only payments 15 years                   5 years                      
Amortization period of debt                     30 years                      
Borrowings                     $ 5,500,000 $ 8,025,000                    
Term of debt                     10 years                      
Repayment of loan $ 5,158,000                                          
Distribution to the Partnership $ 385,000                                          
Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%             50.00%  
Investments in joint venture                           $ 413,328             $ 8,000,000  
Number of units | item                           148             280  
Number of units retained for long-term investment | item                           (148)                
Number of units sold | item                                         137  
Purchase price of investments                                         $ 56,000,000  
Hamilton on Main Apartments, LLC | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Outstanding amount of mortgage                         16,900,000                  
Interest rate (as a percent)               4.34%             5.18%              
Period for which the entity is required to make interest only payments                             3 years              
Amortization period of debt                             30 years              
Borrowings               $ 16,900,000             $ 16,825,000              
Term of debt               10 years             10 years              
Repayment of loan               $ 15,205,000                            
Cost associated with loan extension               $ 161,000                            
Term excluding period for which interest only payments to be made                             7 years              
Net proceeds after funding escrow accounts and closing costs                             $ 16,700,000              
345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                           50.00%               50.00%
Investments in joint venture                                           $ 1,533,000
Number of units | item                           40               40
Number of units retained for long-term investment | item                           (40)                
Distribution to the Partnership                 $ 1,610,000                          
345 Franklin | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                 3.87%                          
Period for which the entity is required to make interest only payments                 3 years                          
Amortization period of debt                 30 years                          
Borrowings                 $ 10,000,000                          
Term of debt                 15 years                          
Repayment of loan                 $ 6,776,000                          
Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Investments in joint venture                         $ 6,986,470                  
Number of units | property                         1,033                  
Number of units retained for long-term investment | property                         (690)                  
Number of units sold | property                         205                  
Units to be sold | property                         343                  
Residential buildings                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           1,030                
Residential buildings | Dexter Park                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           409                
Residential buildings | Hamilton Bay Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           48                
Residential buildings | Hamilton Bay Sales                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           120                
Residential buildings | Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           48                
Residential buildings | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           175                
Residential buildings | Hamilton Minuteman                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           42                
Residential buildings | Hamilton on Main Apts                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           148                
Residential buildings | 345 Franklin                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           40                
Residential buildings | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | property                         1,030                  
Commercial                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           3                
Commercial | Hamilton Essex 81                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           1                
Commercial | Hamilton Essex Development                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           1                
Commercial | Hamilton 1025                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | item                           1                
Commercial | Investment Properties                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of units | property                         3                  
Management Company [Member]                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Number of employees having ownership interest in the investment properties | item                         6                  
Minimum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                         3.61%                  
Minimum | Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         40.00%                  
Minimum | Harold Brown                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         43.20%                  
Maximum | Mortgages payable                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Interest rate (as a percent)                         5.81%                  
Maximum | Limited Partnerships                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         50.00%                  
Maximum | Harold Brown                                            
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                                            
Ownership interest (as a percent)                         56.00%