Date registered: Jan 2013
Vehicle: 82 300D,90 350SDL, 98 S420, 97 SL500, 94 S420, past owner W108/W112/W114/W123/W124/W126/W140/W220
Location: Tampa, FL
Mentioned: 8 Post(s)
Quoted: 660 Post(s)
I have known a couple of people on the west coast who have owned Universals. They seem to be pretty well ignored by the MB community as a whole, probably because they were not 100% Mercedes in a sense.
There is a novelty factor, for sure, but as it is with most restorations, unless the car is highly valued, you're going to be upside down on it forever and can't expect to recoup your costs.
If you investment is minimal and you can do much of the work, go for it. Just don't do it with the expectation that you're going to flip it and make money.