It runs to the Unit above and is a relic from the past; it would have been used to supply gas lights.

There is some light value add left, but not much. 

Industrial to put it lightly.

The flip is pretty minor, list of what is needed is: paint, floors, carpet, vanities in 2 bathrooms, replace counter tops with granite, appliance package, replace all ceiling fans, lights and fixtures, replace all outlets. 

, emergency lighting, handicap accessible entrance, accessible bathrooms, etc

That way they don't call you to come replace a light bulb.    

New light fixtures in almost every room.

After our helpful movers and my cleaning lady left, I attempted to light all of the electric stove burners (stove was harvest gold, most likely from the 1970's). 

@Nathan Adams Unless it needs to be painted there is not much you can do other than paint...not sure but maybe a clean light gray.Some older 1960’s condos here built bIg planters out of wood and galvanized metal...very cute.

As such, I assume these types of reports will help shed some light into the expense of owning a property?