A friend gave me a used HONDA,mech said it already has water in its engine & needs to be replaced.Is it worth?

a friend gave me this honda car (i believe its a 1998 model), 84k mileage (she said she rarely used it), never turned on the engine, kept it sleeping for 8 years in her garage,…the mech said the engine already has water in it and when he puts gas to run it, it blows off black smoke…he also said that buying a new engine would cost around 1100..and dont forget the tires and other accessories.

However when we drove it from our back alley garage to the front driveway…it worked just fine.

1969 Lp: Asked Her For Water . . . Gave Me Gasoline?

Where can I find this on CD?