This absolutely serves its purpose. We bought the 12 drawer model. It comes in 4 really heavy boxes and the assembly is quite extensive. Providing you are patient, this is the perfect storage bed for you. The wood looks nice. The drawers are spacious, but you should only store light items in them.
It is aesthetically pleasing and really adds a lot of storage, it is perfect for apartment living. 
I gave it 4 stars because of assembly time required. 
I highly recommend this. Enjoy!