Can't see why not really, they are 10 a penny these days.
The good ones are midly scene taxed leaving only the ropey ones at the bottom of the market. By contrast nobody wants the non Sports, meaning its entirely possible to get a nice 6 cylinder E36 Coupe for a grand if it doesnt say 'Sport' on the V5.
Unless you are buying it to polish it on the drive and be all E36-enthusiast I'd actively avoid the Sport for this purpose. You'll end up removing all the Sport specific bits anyway!
As for them being 10 a penny 'these days', errr no. More than 50% of them have vanished over the last 10 years. There are now only a total of just over 1000 left on the road.