PROS: Location, location, location. This is an ideal location that has lots of restaurants, cafes, and bars nearby. It is also close to the metro and easy to walk to many great areas. It has a very lively nightlife scene. The apartment is also very very secure (2 gates to get in), and very quiet, even though it is in a lively area.
CONS: It is grubby. It needs a thorough clean from top to bottom. The dishes were dirty and needed to be washed before using. The shower has mold on the walls and ceiling. The place is dusty. It is also very small. Really not good for more than two people. The beds are not comfortable. There are no hooks to hang anything and there is no closet, so you essentially have to live out of your suitcase. And because it is so small, you are walking over each other. There are no basics here. They have salt and pepper, and an opened half bag of pasta, but nothing else. Not even sugar. They could do with having some basics so you don't have to immediately go shopping.
You get what you pay for.