Sprout Tiny Homes (STHI)

[Soco54]

"On February 14, 2019 the Company closed its purchase of 54.13 acres in North Vista Highlands, Pueblo, Colorado. The property, designated as Phase 1A, is 54.13 acres and is zoned and approved for neighborhood retail, single family homes and townhomes. It is a metro district, with a Home Owners Association (HOA) formed and approved. All homes are required to be built as zero energy ready homes. Phase 1A is part of development area 1, which is comprised of 750 lots for sale to builders for single family homes ranging from $180,000 to $325,000 located near the intersection of Vision Hills (formerly 47th) and Walking Stick Boulevard. Development Area 1 includes four phases and the site plan for Phase 1A consisting of 162 units and 43,000 square feet of commercial/retail space. The Phase 1A plat was approved by the Pueblo City Council in January 2019. The Company began to fully develop the North Vista Highlands lots over the winter of 2019 and plans for the first homes to be built in late summer / early fall 2020. The purchase price was $1,000,000, which the Company paid with $100,000 cash down and a new $900,000 mortgage. The mortgage was later paid down by $400,000 with proceeds from the Company’s sale of its Salida property. In late 2019, the Company began its detailed plans to develop its North Vista Highlands property."

https://backend.otcmarkets.com/otcapi/company/financial-report/263277/content

https://northvistahighlands.com/community/