EDIT: They were nice bikes, but if you want to build it up and refurbish it, you're probably best advised to do so for your own use. You would be able to use some much nicer components, especially for the wheels and brakes (those single-pivot sidepulls are pretty bad), but I don't know if anyone would be willing to pay much for the result. Give it a shot - if you can shop around, you might be able to put it together for nothing much. The frame is perfectly good, with some decent parts hung on it, it would make a fine cruiser or short-distance commuter/shopping bike.

REAL EDIT: And by "EDIT" I mean, "new post that I meant to edit into my previous post." Ah well, I said what I meant to say...