Wish I could sell my '85 Burb for that much!...
Mine is the same exact color scheme as that one,has the 6.2 (no turbo),its 100% all stock (K1500) never been lifted or butchered,and it might be a little more rusty than that one maybe,but it also has a Fisher plow frame and Diamond blade,that I put on it 2 years ago and never used it once,it never had a plow before I got it...the 700r4 has some woes,but it still runs and drives..
I would say that one is too much money,needing tires and other work,the lift kit scares me on any 4x4 ,you never know who did what under there or what they used to lift it..I dont care for a lifted truck for street use period..the less molested the drive train and suspension is the better,as far as I'm concerned..
I agree a non running one could probably be scored a lot cheaper,seeing you plan to put a cummins in it anyway..