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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Mortgage Maturities) (Details) - USD ($) | Sep. 30, 2018 | Sep. 30, 2017
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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Less: unamortized deferred financing costs | $ (1,395,000) |
Debt maturities net of unamortized deferred financing costs |  | $ 124,550,899
Weighted average interest rate (as a percent) | 3.87% |
Effective interest rate (as a percent) | 3.98% |
Investment Properties |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | $ 195,841 |
3/31/2019 | 203,556 |
3/31/2020 | 211,575 |
3/31/2021 | 219,910 |
3/31/2022 | 228,573 |
Thereafter | 166,441,311 |
Total | 167,500,766 |
Less: unamortized deferred financing costs | (987,148) |
Debt maturities net of unamortized deferred financing costs | 166,513,618 |
Hamilton Essex 81 |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 10,000,000 |
Total | 10,000,000 |
Less: unamortized deferred financing costs | (96,523) |
Debt maturities net of unamortized deferred financing costs | 9,903,477 | 9,889,687
345 Franklin |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
3/31/2018 | 195,841 |
3/31/2019 | 203,556 |
3/31/2020 | 211,575 |
3/31/2021 | 219,910 |
3/31/2022 | 228,573 |
Thereafter | 8,541,311 |
Total | 9,600,766 |
Less: unamortized deferred financing costs | (64,921) |
Debt maturities net of unamortized deferred financing costs | 9,535,845 | 9,717,606
Hamilton Minuteman |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 6,000,000 |
Total | 6,000,000 |
Less: unamortized deferred financing costs | (106,045) |
Debt maturities net of unamortized deferred financing costs | 5,893,955 | 5,885,772
Hamilton on Main Apts |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 16,900,000 |
Total | 16,900,000 |
Less: unamortized deferred financing costs | (94,970) |
Debt maturities net of unamortized deferred financing costs | 16,805,030 | 16,788,979
Dexter Park |  |
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES |  |
Thereafter | 125,000,000 |
Total | 125,000,000 |
Less: unamortized deferred financing costs | (624,689) |
Debt maturities net of unamortized deferred financing costs | $ 124,375,311 | $ 82,268,855

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