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525 N 41st Street
Philadelphia, PA 19104
$1,795
Conventional
Property
Bedroom
1
Bathroom
1
Property Type
Conventional
Square ft
698
Property Description
Available Early July: Welcome to The Ember! This is a gorgeous, professionally managed building offering 3 Floors of modern-contemporary apartments. Desirable building amenities include an elevator, lobby, an Amazon package room and separate mail room, storage cages included in rent, and more! The Simon is a 1 bedroom, 1 bathroom 3rd Floor apartment with 2 closets in the bedroom for ultimate storage space. Each unit in this great new building was carefully designed to enhance your city living and ensure ultimate comfort. Features include hardwood flooring, recessed lighting, high-end stainless steel appliances, 11 foot ceilings, and sunshades installed on the large windows. Tenants will enjoy Honeywell home thermostats, oversized washer and dryer, bedrooms that can accommodate king-size beds, large custom built-in closets, and beautiful finishes throughout. You'll also be provided with bicycle storage in the basement including a bike repair area and tools accessible for all tenants. There are designated recycling areas and trash shoots on each floor for added convenience. You'll love the furnished roof deck available for all tenants - perfect for getting to know your new neighbors! The building is conveniently set up for both Verizon and Xfinity and nearby public transportation options including the Lancaster Ave light rail #10, bus routes #30, #31, #40, #43, and the 40th Street Station for the Market Frankford Line. Schedule a tour today! Please note that photos & video are from a similar unit within the building, exact layouts & finishes may vary. About The Neighborhood: The Ember is located in the West Powelton neighborhood of University City and walkable to University of Pennsylvania, Drexel University, Penn Presbyterian Medical Center, and the Children’s Hospital of Philadelphia. Close proximity to the Vidas Athletic Complex, Saunders Park, the Philadelphia Zoo, and Boathouse Row. You’ll be right off I-76 and Kelly Drive and 30th Street Station is nearby for added convenience. Street parking is regularly available. The ember is walking distance to Market Street for ample public transportation options including the Market Frankford Line into Center City Philadelphia. You’ll be surrounded by neighborhood favorites including Dim Sum House by Jane G’s, Surreal Creamery, Bart’s Bagels, Madis Coffee Roasters, Han Dynasty, Paris Baguette, Amma’s South Indian Cuisine, Bonchon University City, Local 44, Virasat Haveli Restaurant, Stomping Grounds Social Justice Cafe, and more! Lease Terms: Generally, first month and one month security deposit due at, or prior to, lease signing. Other terms may be required by Landlord. $55 application fee per applicant. Pets are conditional on owner’s approval and may require an additional pet fee, if accepted. (Generally, $500/dog and $250/cat). Tenants responsible for: electricity and cable/internet, and a $50/month flat water fee. Landlord Requirements: Applicants to make 3x the monthly rent in verifiable net income, credit history to be considered (i.e. no active collections), no evictions within the past 4 years, and must have a verifiable rental history with on-time rental payments. Exceptions to this criteria may exist under the law and will be considered.
Property Information
Lot Size
-- square ft
Property Type
Rental
Year Built
2023
MLS Number
PAPH2343754
Location
Address
525 N 41ST STREET
City
PHILADELPHIA
State
PA
Zip Code
19104
County
PHILADELPHIA (SOUTH)
Listing
Provider
JG Real Estate, original listing
Name
JG Real Estate
Phone
(215) 467-4100
Office Name
JG Real Estate LLC
Office Phone
(215) 467-4100
Agent Name
Charles Mertz

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.