We had a great time and part of that was that we had this lovely apartment to head back to after a day of touring the city. Bologna is very walkable and the city center is surprisingly close. You also have plenty of supermarkets, bakeries and cafe's nearby.
The apartment was warm (we traveled in the winter), the shower worked great, the WiFi also worked great and the hosts were very attentive. They even let us use their brand new washer/dryer and showed up to explain to us how to use it.
The apartment was very cute and fashionable. I loved the wooden counter, and the retro refrigerator. We gave the girls the bed on the top loft and we slept on the sofa couch below.
There is also a taxi stand about 1 long block away and there are frequently taxis waiting there. Except on Sunday mornings. If you were to leave on a Sunday morning you might want to make a reservation ahead of time to get you picked up.
The only issue that I would bring up is that the windows are not double paned and therefore you hear people outside. It's a good thing that there aren't any bars around there, but there is a restaurant across the street and you do have people coming and going past your windows on occasion. You will hear some noise, but since it's not a busy street it's not too bad. If you're a light sleeper it might be an issue, but otherwise, it's not so bad. We were so tired from walking all day that we had no problem falling back asleep.