While we don't post many bikes that need this much work, the FZR400 is a cult favorite around here. As the seller states, it's mostly cosmetic so you can ride it as you bring it back to life. With the obvious safety wiring, it's probably lived at the track previously but that doesn't necessarily mean you should kick her out of bed. All depends on where the reserve is.
from the seller:
I am looking to sell my 1988 Yamaha FZR 400. Has 25,106 miles, and has been taken good care of since I bought her outside of the issues mentioned below. A lot of the issues listed below I inherited from the previous owner(s) and I rode as is. Mostly cosmetic issues - I don't have the time or the money to see her fixed up to the level of pristine that I would like, and so I want to pass her off to someone who would be able to do so. With a little bit of money and time, you will be able to take an already fantastic machine to another level. Handling in the corners is superb, and she has more than enough power and acceleration on the straights to put a smile on your face as you shift up at the higher RPM's. I also have a set of rear pegs, and stock mirrors that will go along with the bike.
This bike is by far the most fun I've had riding a motorcycle, and I am very sad to sell her but it is time to move on.
The Good (work I have had done):
Rare rear seat cowl.
Front fairing has new red decals (not shown in pictures).
Carb work: cleaned, o-rings and manifolds replaced.
Oil changed 300 miles ago, new air filter.
All fluids changed, spark plugs changed.
New chain, sprockets, and brakes recently serviced.
New Fuel Pump.
Aftermarket Hindle exhaust.
Larger rear wheel.
Tabbed until next May.
Clean title in my name.
Service records during my ownership.
Not dropped during my ownership.
The Not So Good (issues I rode with as is):
A little rough around the edges.
Trip odometer does not work (likely a stuck gear inside the clocks) and I have it set at 999; the overall mileage counter is functioning and accurate.
Scratches on one side of the tank and on the bottom of the lower fairings on the Yamaha logo.
Has an idling issue (probably a Jet or Carb screw fix - I just don't have the time).
Crack on the dash where the info lights are (neutral, high beam, etc).
No horn is currently hooked up.