It is very quiet at night so you are able to get some good sleep (at least until the neighborhood dog starts barking in the morning). It is in a good location--2 blocks from Cordoba and 20 mins from the heart of Palermo. I walked back late a couple of times and did not feel unsafe--be sure to stick to the main streets. Lastly, there are plenty of stores, cafe's and restaurants nearby.
The place itself is bare-boned, but has a nice balcony (romeo and juliet style).