An exercise apparatus that provides a complete body workout, folds up into a small footprint, and can be hidden inside of a closet or decorative cabinet. The apparatus has an arm assembly with two arms pivotally attached to a guide assembly that translates vertically within a frame assembly to a multitude of locations. At the free ends of the arms are cable ends that allow an exercise bar or handgrips to be attached to a resistance assembly. Rotating pulley assemblies there allow the cables to exit the arms freely. The cable ends move independently of each other, which simulates working out with free weights. A counterweight offsets the weight of the arm and guide assemblies to permit easy positioning of the arm assembly for different exercises. A counterweighted fold out seat assembly with lower member completes the versatile and compact workout station.