Epiphone 6834E 12 String Acoustic 70s

As you can see, this Epiphone 12 looks like it has been through some repairs.  I don't quite know what the story is here but it looks like at one point it was electrified since there's a hole for an output jack.  The soundhole must have been pretty warped and it looks like there's been some modification to the neck pocket.  

There is some belly warp on the guitar and bridge lift.  The action at the 12th fret is quite high at approximately 3/16" 

However, tuned up this guitar rather unexpectedly plays fine in the open position.  And because it's got a bolt on neck, I'm assuming you could probably shim it to get the action lower.