Looks like a pretty good deal for the money.
It looks to have been converted to electronic VS. Pictures of this lathe were posted under the Cincinnati CL.
Delta 46-623 Heavy Duty Lathe. 12" swing, 16" over gap, 36" between centers. 1HP motor with variable frequency drive. Offers infiniate variable from 0-3200 RPM with no loss in torque. Includes three round tool rests, spur drive and live center tail cup.