This charming, affordable studio in the Arts Ballroom building is completely turnkey, immediately ready for an owner-occupant to move-in or an investor to lease up. This unit features hardwood floors throughout the entrance, main room & walk-in closet. The kitchen has tile flooring, modern wood cabinetry and a stainless steel mini-fridge. This is one of the very few units in the building with a walk-in closet. Most units in this building only have a single reach-in closet, which is hardly enough for most people. The bathroom of this unit is a simple, classic design of black & white tiles, a bathtub, medicine cabinet & additional built-in storage above the toilet. The building features a grandiose lobby (with free wifi) from its days as a luxury hotel, 24/7 security, professional on-site management, maintenance staff, a fitness center, large & ample laundry facilities, bicycle storage, and a relaxing lounge area. In addition to all of these amenities, all utilities are also included in the monthly HOA fee: heat, electric, central air, water, hot water, sewer & Comcast cable TV! This unit is in an incredible location, right on the Avenue of the Arts and convenient to all Center City has to offer. Hundreds of restaurants, bars & cultural institutions all within a 10 minute stroll out your front door. Additionally, access to the Broad Street Line is at the end of the block allows quick access to South Philly & the stadiums or North Philly & Temple University. PATCO, Market Frankford & Regional Rail stations are also just a short walk away. For buyers planning to occupy the unit themselves, they are eligible for the Homestead Exemption, which will reduce the annual property taxes from $1,090 down to $456. For buyers planning to lease out the unit for investment purposes, the unit should rent for around $1100 per month based on recent comps in the building (a 6% cap rate). Listing agent is the owner of this property, as well as the occupant. Can accommodate a quick closin