Run away. I bought a 914 as you described in my youth. It would be cheaper for you to buy a 3500 dollar 914, then to get one for free in this case. That car will require at least 6,000 to 10,000 to make it into a car you would want to drive. Trust in me, I know, oh how I know! Welding suspension parts is not for the weak. You mess up, you are going to die.