Looks can reveal or conceal a greate deal both good and bad. Remove Rose Tinted Glasses. Conditionof old outboards will vary as will the ability and resources of those who wish to revive them. How much time and work space will be needed to restore motor so it will look and function as desired? At a minimum the fuel,ignition and water pump will need to be checked and usually parts replaced. Old seals are Bad seals, inexpensive , but, not easy or quick to access.
Careful checking prevents putting new shoes on a dead hors OR fixing things that are not broke.
Parts Manual specific to your year and model will explain much and give part numbers so you can ask for the right parts when needed.
Merc 250 is a one year motor that probably shares pars with other Mercs of same era and power.