As a project car, this 1967 Ford Mustang coupe ticks many of the right boxes. It is an original and complete classic in a structurally sound state. Its engine bay houses its original V8 engine, and it is very affordable. It is the type of project that a buyer could tackle in a home workshop. If a First Generation Mustang project car has been on your wish list, you may have struck gold with this one. It is located in Huntsville, Texas, and has been listed for sale here on Facebook. The owner has set the sale price at a very reasonable $5,300.

This Mustang rolled off the line resplendent in Wimbledon White paint with a matching white vinyl top. The paint has seen better days, and the blue stripes are a later addition. There is no doubt that the buyer will treat this car to a repaint, but they won’t face the prospect of tackling major rust issues before picking up the spray gun. It looks like there may be some small spots appearing in the lower rear quarter panels, and the owner acknowledges that some is present under the edge of the vinyl around the back window. However, that seems to be it. The remaining panels are clean, and the owner says that the floors, trunk pan, torque box region, and rails are rock solid. Before spending money on the trim or chrome, I would treat everything to a careful polish. Some of these items may respond positively to that type of attention, saving money on this project. While it wears a coating of dust, the tinted glass looks to be in good condition. Beyond the stripes, the only other exterior change is the owner’s decision to fit 17″ reproduction Mustang wheels. As a starting point for a restoration, this classic looks pretty positive.

It seems that this Mustang is a numbers-matching classic that features a C-Code 289ci V8 under the hood. That V8 should be producing 200hp, which finds its way to the rear wheels via a three-speed automatic transmission. The original owner also removed the hard labor from the driving experience by ordering the car with power steering. This motor represented the entry-level version of the V8, and while it is no ball of fire, this Mustang should still be capable of covering the ¼ mile in 16.6 seconds. When the owner purchased this car, it was in a roadworthy state. He drove it for approximately a year but parked it in 2013. While it doesn’t currently run, he says the engine turns freely. Given how rugged these motors are, it may not take much work to coax this one back to life. However, I suspect that the buyer will probably pull the motor to detail the engine bay properly. That will offer them the opportunity to thoroughly inspect the V8 to ensure that it is in a healthy mechanical state.

When the owner parked this Mustang in the garage in 2013, he removed the interior trim. This has been stored safely indoors and remains in good condition. It is upholstered in two-tone blue vinyl and would have contrasted beautifully with the Wimbledon White paint. It seems that all it will need is cleaning before the buyer refits it to this classic. To help the overall presentation, the seller includes a new dark blue carpet set to finish the job. It appears that the original owner ordered this car with an AM radio and factory air conditioning. The A/C system is complete, but it will undoubtedly require attention before it blows cold.

We’ve recently seen a few promising First Generation Mustang project cars here at Barn Finds, and this car looks like a good one. Its general lack of rust is a huge positive for potential buyers, as is its numbers-matching drivetrain. While it is unlikely to be a megabucks vehicle in the near future, it is worth remembering that values continue to climb. When the buyer puts the tools down for the last time, it is possible that this car could command a value of around $25,000. If they achieve perfection, that figure could climb further. When you consider the owner’s sale price and the relative condition of this car, it makes it a project worthy of a closer look.