Low end Trek which means it's a pretty good bike. This can make a great commuter/beater/around town bike. The biggest problem is that you don't want the cost of the project to exceed what it would cost to buy this bike (or a similar quality hybrid) complete 2d hand. That's really impossible to do if buying new parts and very difficult even if sourcing 2d hand parts. You may be able to find a "donor" bike for a good source of parts. My advice is hang this on the wall and look for another old bike to work on though.