Great location in downtown. Very walkable, and close to the bus stops at 4th and Guadalupe. But still fairly quiet (outside of the odd emergency vehicle) as it's a few blocks from the real hopping areas on Congress.
Only complaints:
(1) the washer/dryer are loud. Do your laundry during the day.
(2) we had an issue where the water was shut off from 8-4 on our move-in day. This was not the owner's fault, though it would have been nice to know before the day before unless he was blindsided.
(3) to be clear, our rental came with towels, sheets, blankets, soap, dish and laundry detergent, the works. This is all great, but the owner sent us mixed signals beforehand (e.g. saying that there would be no blankets). So communication was a minor issue.