So I show up at her apartment and it's a a plain Raleigh Record! Naturally, I was disappointed, and tell her that I will pass. She offers it to me for $30, and says she needs it out of her place, she's moving tomorrow. So I took it. I rode it back to my neighborhood (after i pumped up the tires.) It rides pretty decently for being out of commission for so long. The brakes are good, shifting is smooth, and the wheels are in good shape (aside from a tiny ding on the front rim.) The pedals and saddle need replacing, but otherwise it's in fine shape.

So here's my question. Do I clean it up, replace a few small parts and sell it, or do I bother trying to fix it up (no pun intended.) I'm okay with the frame weight. It's heavy, but not so much as to bother me. The bb is okay, as is the headset and stem.

It looks like I can remove the outside chainring, and leave the crank as it is for fixed purposes.

Thoughts?