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Low Time Cirrus $120,000 ???

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I'M JUST REPOSTING AN AD I SAW ON BARNSTORMERS!

Not sure what the catch is here. Something must be wrong with it, that is not disclosed in the ad.

http://www.barnstormers.com/ad_detail.php?ID=856238

2001 CIRRUS SR22 PROJECT 716TT • $120,000 • GREAT OPPORTUNITY • 2001 Cirrus SR22 Project. For sale as is where is (KADS). 716TT ENG&AF. All Logs complete. Needs annual and 10yr chute repack. All compressions in 70's. Included in the deal is a tornado alley turbo kit (not installed) Clean airplane. No time to take on this project so I must let it go! Value with turbos is over 200k!! A STEAL at 120K!!! • Contact Stan Baker - BAKER AVIATION, Owner - located Fort Worth, TX USA • Telephone: 8177817692 . • Posted January 10, 2014
 

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