The pros - they absolutely outweigh the cons!
A quick walk to the Beach, Palace Playground and Pier of OOB. So much fun for kids in particular. From door to sand, it was maybe a 10 minute walk with gear (bring a wagon or similar if you have little kids).
Unit was clean.
Centrally located in OOB and easy to get to main road for in and out of town
Good size for a couple or small family.
Windows are East facing which make for pretty nice views
We had worries about the fridge cooling (it ended up being fine) and the owners were VERY responsive to concerns and followed up quickly to replace a toaster.
Great pricing compared to other rentals in the area.
The cons: NONE were deal breakers nor made me regret renting this unit.
Kitchen had most of the basics, but is in need of an inventory check i.e. only 1 wine glass, lacking a baking dish (I wanted to heat up chicken and had to use a disposable foil pan), etc.
Building itself is a bit dated
Pillows were not comfortable - bring your own.
Windows are East facing which creates early morning sun so curtains over the blinds are needed - we hung our Turkish (lightweight) towels over the windows which helped with the 6am sun a bit.
No beach towels or chairs provided. Although at this price point, that's not a huge deal, but it made for a more crowded car for us to bring our own beach chairs...
FYI- Anyone who complains about the train isn't being fair. ANY home, condo or hotel in OOB within 5 blocks of the pier and Palace Playground are going to hear that train and its whistle at the crossing. No way around it. That being said, heavier curtains that could also block early morning light could help with the train noise - that 3/4am train definitely stinks, but it didn't wake my kids sleeping on the futon...the a/c unit in that room was louder in a helpful/white noise kind of way.
The reason that we would not rent here again is that I have young teens, and this unit was already a bit small for us, and since kids grow, we'd likely outgrow this square footage by next year. For a couple or a family with elementary aged kids, etc. it is a great location to get a feel for the area and enjoy the amusement park and beach without breaking the bank.