You might want to look for some Albin owners online and see just what is involved in "restoring" that boat. Sails
are easy, that's just money
and new ones easily arranged.
But the engine
...no spares, you're left on our own to find a solution. Slapping on an outboard
is, well, like getting married to a supermodel and starting out by taking her to TacoBell and Ross for the wedding dress and catering.
Among other minor issues, Albin used an advanced starter/alternator, one device that did both functions, and those are unobtainable as well now.
Of course if you enjoy restoring old Packards or something...this could be a similarly exciting challenge. I'll bet he'd glady GIVE you the boat once it sits around for a month with no bids. (Or the guy who buys it will gladly give it to you once he finds out how expensive this could be.)
If you want a cheap project
to putz around some lake while teaching your kids
boatbuilding and sailing...it could work for that too.