For $80, yesThat's about what I paid for my Nishiki Mixte and it really didn't "need" anything when I got it.. but I swapped out the saddle, bars, brake levers, and cables/housings anyways though to get it to where I wanted it.. and it's perfect now
I should also add that parts for these are relatively cheap (especially on ebay.. lots of NOS parts)... so if there is a problem with your shifters, the freewheel, or the derailleurs, or the brakes, they're easy to find replacements for and it wont' break the bank. I will wrench on my Mixte without hesitation even though I'm intimated by my other bikes.