Perfect Munich location. Just off of the Viktualienmarkt so you will never go hungry. Also, near a good neighborhood just outside of the old city for some less touristy restaurants and bars.
As some reviews have mentioned the pull out bed isn't optimal. It is a square shape and not a rectangle. If whoever is sleeping on it is over 1.67 (5'6") their toes will be over the edge. Best for a child. However, this is a very affordable apartment for the location and in great condition otherwise. I didn't think it should be knocked down if the 3rd person needs to be a little squished.
Reviews are also correct on the Internet. It is a plan that gets max'd out. If you come later in a month, there may not be Internet. This was confirmed by the person who checked me in. However, it was fine for my stay at the start of the month.