Yeah, it was a bit crusty when I got it but I already started cleaning it in the pics. Under the dirt and superficial rust it seems pretty solid, I think it may have been sitting for a while. I think I'm going to put some cheap tires on and new cables and ride it. I may throw it on CL to see if it sells but I really like the smooth ride compared to my Transporter which is basically a mountain bike and probably slightly small for me. If it dont sell for something decent I'll keep it, for what I paid I can't really go wrong.
BTW the tires on the bike are some old IRC 27" 1 1/8". Will 27" 1 1/4" fit?