my guess you got what is best described as a 'resto-mod'.
in the muscle car world, thats a non muscle car version of a muscle car, or a muscle car updated with current running hardware.. like you take an old 68 v6 camaro, drop in a 500hp crate motor, disc brakes, upgraded suspension, modern sound system and you end up with a fun car to drive, but not near the value of an original of course.
this sounds like what you have (I bet). someone has taken an old 240 and upgraded parts. I did this with a 240. And its worth doing.
for the price you got, assuming everything is ok, you got a steal, regardless.
the old 240 block was sourced originally from an japanese truck, at least thats what i read. nissan wanted a strong motor and thats what they went with. you can turbo the heck outta that car.. assuming you can find a very rare japanese crossflow head you can get even more hp...
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