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INVESTMENT IN UNCONSOLIDATED JOINT VENTURES (Hamilton on Main) (Details) - USD ($)
1 Months Ended 12 Months Ended
Mar. 08, 2024
Sep. 12, 2016
Aug. 31, 2024
Aug. 31, 2014
Aug. 31, 2004
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Apr. 18, 2024
Aug. 23, 2023
Jun. 16, 2022
Jun. 15, 2022
Dec. 31, 2018
INVESTMENT IN UNCONSOLIDATED JOINT VENTURES                          
Investments in joint venture           $ 1,417,470 $ 1,441,291            
Mortgage amount                     $ 80,284,000 $ 37,065,000  
Outstanding amount of mortgage           406,205,910 408,660,292            
Repayment of loan   $ 5,158,000                      
Distribution to the Partnership           11,244,559 $ 9,954,888 $ 9,267,981          
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         280                
Number of units sold         137                
Mortgage amount                   $ 16,900,000      
Outstanding amount of mortgage           $ 23,589,000              
Distribution to the Partnership     $ 2,000,000 $ 850,000                  
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 | 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