If you read all the reviews, they pretty much hit everything.
Pros:
Great price!
Unbeatable location... Right in the heart of restaurants and night life. Walking distance to the basic necessities.
The place is rustic and cozy, a bit shabby. We didn't find it as dirty as some of the reviews said, but it's just a little old and grungy in places. Mostly it's fine.
Couple of things to know... There's a kitchenette, but you can't really cook meals there other than maybe a quick breakfast... I used the blender to make juices every morning, but there's not much counter space at all or a drying rack for dishes, so keep that in mind. Also not a ton of dishes and silverware... Use it mostly to reheat leftovers. We did see a grill by the pool but never asked about it.
Also, parking is limited. If you do anything at night, you definitely don't get a space and will have to park out on the street, which wasn't really a big deal, but just so you know.
Other than that, it's great for 2 people (or 2 plus a kid) and we really enjoyed where we were. The price and location makes it a great deal!