Awesome place and well located. In the local area and within easy walking distance is the tram stop, a gym (about 5 min walk), the supermarket, the sights of Vysehrad (10 min walk), and Naplavka (15 min walk). At the Albertov tram stop (500m) you can purchase tickets if needed. Some of the modern trams you can purchase on board. The central city area can be accessed easily on trams 14 & 24, which run frequently, and take about 20 mins.
The hosts are extremely nice. The apartment is modern and contains a sauna. It has basic kitchen facilities, which are fine for someone that eats out often. All in all a great place to stay in Prague. Highly recommended.