Both the 3.4L and 2.7L engines in the 3rd generation of 4runner are long-lasting. Most go 300,000 miles or more. Make sure the timing belt has been addressed--it should be replaced every 90,000 miles.
That sounds like a very good price, on paper. Resale value is quite high on 4Runners. Try to learn as much about its history as possible, check it over, and drive it. Try out the 4wd system (if it's so equipped) and all the features.
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