I would say, do not risk it! A car with that mileage and with a small engine might not handle a turbo charger. You can still turbo charge it but it might wear out the engine event faster. 

A turbocharger can be installed on an engine IF:

• There is enough room to install the setup
• It has upgraded fuel injectors to inject more fuel for the increase in air volume
• It has an upgraded fuel pump to pump more fuel to the bigger injectors
• It has an upgraded cooling system for the coolant and oil
• It has a proper ECU tune to take into account higher volumes of air and fuel, and provide adequate ignition timing
• The turbocharger only runs a MAX boost of 8 psi. Anything more on stock engine internals will grenade your engine and/or transmission
• You're willing to fail an emissions inspection if you live in a state that requires those. If you're only going to be using it on a private track, then you can ignore this.

There's a lot of work involved with turbocharging an engine. If it's a project car and not a daily, then by all means experiment and see if it works out! That's why we get cheap project cars...to do fun stuff like this on them!