LIVE AT APEX
COME OWN WITH US!
The Apex is conveniently located on First Avenue, just north of Pike Place Market. Close to buses, shopping, restaurants, pubs, museums, parks, ferries, and much more. Looking for responsible, trustworthy, friendly, and easy-going adults. Current residents include artists, musicians, longshoremen, writers, chefs, bakers, students, laborers, non-profiteers, professionals, etc. The Apex Belltown Co-op is an equal opportunity housing provider.
All new residents are selected by the current residents. All who live here chip in about 10 hours a month to participate in the upkeep of the cooperative through attending meetings, performing weekly housekeeping chores, and participating in our twice yearly co-op cleaning weekends.
WHAT WE LOOK FOR
The Apex Co-op is an affordable housing community where people must be able to live and work well with others. We look for people who are harmonious, have strong communication skills, and have had positive experiences with group living and conflict resolution. We want those who are able to contribute to the co-op and who will participate. Managing the co-op requires a variety of practical skills, talents, and aptitudes so we seek to have a diversity of skill sets among our members.
CRITICAL APPLICATION INFORMATION
# 2 Current Openings for October 1st #
We have a COVID--conscientious application process.
In-person, on-site tours required before application.
After you attend an in-person tour (and afterward, submit an application), our membership will review all the submissions. A very small number will be invited to attend virtual social events to provide them an opportunity to get to know the membership. (We know it's not ideal, but we're all doing our best).
Interviews will be conducted in person, onsite in Seattle, by invitation.
3rd Floor Lounge
Alley view of The Apex
There are certain expectations of those people who choose to be members of the Apex Belltown Co-op, including the following:
· Actively participate as a member of the Apex community.
· Attend the General Membership Meeting on the 3rd Sunday of the month at 7 PM.
· Serve on the Apex Board of Directors at least once every three years.
· Actively participate in one of three committees: Building, Finance, or Membership.
· Attend your chosen committee's monthly meetings.
· Complete your assigned weekly chore by Sunday at 6 PM.
· Actively participate in upkeep of your kitchen, including agreed upon chores.
· Voluntarily participate in organized work projects.
· Take leadership when needed and act as a homeowner with the future of the Apex in mind.
· Respect fellow members at all times.
· Adhere to quiet hours after 10 PM on weeknights.
· Pay your carrying charge by the 5th of the month. (See Costs section below.)
· Purchase your membership share within seven months. (See Costs section below.)
· Personal commitment of at least two years residence and membership. (Training new members to effectively participate in management of the co-op takes time and effort, so we seek members who plan to stick around.)
The co-op consists of two floors with 21 individual units:
3 singles (Zen units), approximately 110 sq. ft.
14 doubles, approximately 225 sq. ft.
4 triples, approximately 350 sq. ft.
10 units are on the second floor, 11 units are on the third floor.
Each unit has its own sink, intercom, and mailbox. Each member is assigned a kitchen with refrigerator, freezer, cupboard, and shelf space in one of the four kitchens. There are two kitchens per floor and one washer and dryer per floor.
Each floor has a community lounge. The lounges are where we have our social gatherings and meetings.
A community deck is located on the roof with a lovely view of Puget Sound and the Space Needle. On clear days, Mt. Rainier can be seen peeking over the city. There is space for communal gardening for members that are interested.
The co-op does not have any parking available. There is paid street parking, but the nearest free street parking about a mile away. Rental parking in the neighborhood is available, with costs upwards of $100 a month.
The only storage outside of individual units available is bike parking and a single small shelf for each of the Zen units. If you have furniture that you would like to donate to our common areas please consult with the membership before moving it in.
Shared common spaces summary: 4 kitchens, 8 bathrooms, 2 laundry closets, 2 lounges, and 1 rooftop deck.
When you join the Apex, you must buy a share in the co-op. The share price is currently $3,006. Upon purchase of the share you become a part-owner of the co-op. If you move out, you must sell your share back to the membership at the share price as of your move out date.
Apex Co-op shares cannot be sold on the open market and their value is adjusted annually based on an inflation formula. To secure your membership, at least ¼ of the share price must be paid up front, currently $751.50. The remaining cost, currently $2,254.50, is payable over a seven month period.
In addition to the share price, members must pay a monthly carrying charge. This covers costs at the Apex such as utilities, building upkeep, and loan payments. The current carrying charge rates* are:
Single (Zen): $306/month
*Regardless of room size, there is an additional monthly fee of 25% the cost of a Double (currently $127) per roommate.
Yes, this is quite a good deal! But what makes this good deal possible is the work the co-op members put into managing the property. Membership is, in effect, a part-time job, the pay for which is reduced living expenses.
If you’ve read over the website and feel suited to the work and fun of cooperative living, the process for joining the Apex is as follows:
1. We have 2 openings for October 1st. Be sure to schedule your in-person tour here:
2. After the in-person tour you will receive the application link; if you run into any problems or have questions you can shoot us an email at email@example.com
3. After reviewing applications, the membership will call selected applicants to schedule an interview.
4. Attend an interview with the Apex membership.
5. If approved for membership, your acceptance must be confirmed by a non-refundable deposit equal to one quarter of the share price (currently $751.50) to be paid within one week of acceptance.
If you decide to leave the co-op, it is required that you give a minimum of 3 full calendar months notice. As a departing member you are responsible for the monthly carrying charges and chores for the duration of this notice. This long departure notice is necessary due to the time it takes to give prospective members tours and interview applicants. Your share price refund is calculated after those 3 full months have passed, pending the successful checkout of the room and kitchen space. Refunds are not given sooner than 90 days after posting to move out; your member balance is calculated the month after physically moving out and ending the 3-month notice requirement of your membership.
For example, a member giving notice before July 1st would be expected to continue their co-op duties until the end of September, regardless of when they physically move out. Their share price refund would be calculated during October, after their account balance has closed and their membership has officially ended.
Subletting is allowed, but not encouraged. We expect that every member will be a participating resident except for limited amounts of time. Subletters must be interviewed and approved by the membership and cannot assume responsibility for a member's obligations.