That's a rock bottom price. The car has a salvage title, needs a ton of work, or the seller is desperate for cash. And it could be a M50 or M30 with the badges and spoilers.
One of the phoenix guys should check it out, might be worth it. My dad might be interested if it's a good one. Do the B36s have the same high mileage chain/tensioner issues as the B35s?