Fostex A8 1/4 inch tape recorder, Model 350 mixer, all cables, remote control, owners manual and 15 reels of tape.
If you're not familiar with analogue then you should be especially careful as it's almost as buying a used car. It's a good deal totally depending on condition and head / tape path wear (for the recorder) and you really need to know what to look for. Get the seller to demonstrate recording / playback on all channels. Watch carefully as all functions engage. Reserve a good 30 minutes with the seller, so that he can show you that all is indeed functional and sounding good. Carefully observe how the setup functions and looks, noting any damage, missing parts, strange noises etc..... The rubber pinch roller would surely need to be replaced / rerubbered, as would the capstan belt. Note that parts from Fostex are non-existent but there's a way around that. If the seller can snap a sharp, clear, closeup pict of the heads, post it here and we'll tell you as far as wear.
It's good that the manual is included (and hopefully a service section). Be wary of the 15 reels of tape included. They may be bad, from the sticky shed days. Ask what they are.
If it all passes with flying colors and if the recorder, especially, has not be subjected to a very high amount of hours (usually judged by head / tape path wear), $400 for this setup is a good deal.