Originally Posted by bigbossman

Then it would depend on the bike market in your area for used bikes. At $75, you'll be doing good breaking even after buying tires, tubes, tape, and brake pads. Probably should add in cables and housings, too.

For the "flip" angle - assuming you do all the labor you'll need to figure getting $150 for it as a "break even" proposition. But if you are going to keep it for yourself it isn't too bad a deal. I think you might be able to do better, though, with a little patience and luck.

Don't happen to have pics, do you?