First off, calling that bike a street racer is really odd. It's a mixte style step through frame. These are considered utilitarian bikes. Good for commuting & running errands. It's already equipped with a rear rack which is nice.Fuji is a good brand. But, appears to need a complete overhaul. New grease & bearings, chain, brake pads. For my purposes, I'd convert it to upright handlebars. First offer about $70. Would not go over $100 for that.