This is a 1950s Iso Carro 125. It was imported from Italy at some point in its life. There are no numbers but it is believed only a few made it into the US and only one other is known to still exist in the US. It is powered by a 125cc two stroke, has 4 forward gears and reverse. It can be registered, insured and driven on the street.
I am unsure when it last ran but plan on trying to get it running this week. From there we will decide what we will do with it. The wife and I both would like to keep it, restore it and use it to advertise BUT we could also use the money from a good flip like this.