909 E Gray St, Louisville, KY 40204

Located in the heart of Phoenix Hill, 909 E Gray Street presents an exceptional investment opportunity with four years of strong, proven short-term rental performance. This charming property includes a conditional use permit transferable to the new owner-making it a true turnkey, income-producing asset from day one, with furnishings available to remain.

The numbers speak for themselves: the property has generated over $100,000 annually in short-term rental revenue from 2023-2025, with continued strong performance into 2026. Detailed financials are available upon request. The home features three spacious bedrooms and two full bathrooms, along with a dedicated laundry area for added convenience.

Inside, you'll find thoughtful updates throughout, including all new flooring (2022), new appliances (2022), plus refreshed paint and stylish wallpaper that enhance the home's appeal for guests and owners alike. A new roof was installed in May 2023, adding long-term value and peace of mind.

Step outside to a low-maintenance backyard designed for relaxation and entertaining. A large deck anchors the space, complete with a built-in hot tub, grilling area, and privacy fence-creating an inviting outdoor retreat that helps drive strong guest reviews and repeat bookings.

The property is situated on a quiet street with ample parking, an added bonus for guests and owners alike. With consistent standout revenue, this property is a rare, hassle-free investment in a high-demand area. Whether you're expanding your portfolio or entering the short-term rental market, this is a no-brainer opportunity you won't want to miss.