he may selling it for what its worth... nada. i'm all for putting some sweat equity into a project, but i'd have to climb all over this thing to be comfortable with it. That fender looks like its seen better days, for example. I would wager that parts of then engine look similar. outside, uncovered for eons.
if the engine and tranny aren't solid, run. you can quickly sink way more than you expected into a project like this.
I don't see an engine either...