LIVE AT APEX
The Apex is conveniently located on First Ave. just north of Pike Place Market. Close to buses, shopping, restaurants, pubs, museums, parks, ferries, and much more. Looking for responsible, trustworthy, friendly, easy-going, adults. Current residents include artists, musicians, longshoremen, writers, chefs, bakers, students, laborers, non-profiteers, professionals, etc.
All new residents are selected by the current residents. All who live here chip in about 10 hours a month to help clean, repair, and manage our co-op home. This will be further explained during your tour. Applicants are required to take a tour before their application will be considered, and we encourage people to attend a potluck to get the general vibe of the house. These happen (generally) on the 15th of every month. If interested, in attending, email us for more info.
The Apex Belltown Co-op is an equal opportunity housing provider.
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/aptitudes, so in addition to looking for generally cooperative people we seek to have a diversity of skill sets among our members.
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 monthly General Membership Meeting (third Sundays at 7pm)
· Serve on the Apex Board of Directors at least once every three years.
· Actively participate in one of our three committees (membership, building and finance) and attend committee meetings, which take place at least once a month.
· Complete your assigned weekly chore on time (there is a rotating chore schedule).
· Actively participate in your kitchen, including assigned chores and cleaning.
· Voluntarily participate in organized annual work projects, as well as ongoing repairs and maintenance.
· Take leadership when needed and act as a homeowner always.
· Respect others, including the need for quiet after 10pm on weeknights.
· Pay monthly carrying charge on time. (For more on rates, see Costs.)
· Purchase membership share within seven months. This money is refunded when you vacate. (For more on share price, see Costs.)
· Personal commitment of at least two years residence/membership. Managing the co-op well requires experience, and training new members to the point where they can effectively participate in the management takes time and effort, so we seek members who plan to stick around.
The co-op consists of two floors with 21 individual units:
4 “triples” approximately 350 sq. ft.
14 “doubles” approximately 225 sq. ft.
3 “singles” (or “Zen units”) approximately 110 sq. ft.
Ten 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, cupboard and shelf space in one of the two kitchens per floor. There is one shared freezer per floor. There are one washer and dryer per floor.
Each floor has a community lounge. The lounges are where we have our potlucks, parties, and other social gatherings, and our meetings.
There is also community deck located on the roof (with a lovely view), with some space for communal gardening for those who take agency for it.
The co-op has NO PARKING. The nearest free street parking is at least a mile away. Rental parking in neighborhood is upwards of $100/mo.
There is NO STORAGE (except for some bike parking and a single small shelf for each of the Zen units). Your possessions must fit in your room. If you have a couch or other furniture that you would like to donate to our common areas please consult with the membership (before moving it in).
Shared common spaces: 4 kitchens, 8 baths, 2 laundries, 2 lounges, and 1 rooftop deck.
Co-op buy-in payment is currently $2,955. Payment plan available. Buy-in refunded upon move-out. When you join the Apex, you must buy a share in the co-op. Upon purchase of the share you become a member and part-owner of the co-op.
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. The remainder is payable over seven months’ time.
In addition to the share price, members must pay a monthly carrying charge, which covers Apex costs, such as utilities, building upkeep and loan payments. The current carrying charge rates* are:
*There is an additional monthly fee of 25% the cost of a Double if a member has a roommate (regardless of actual room size).
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. If we have a current opening, contact us at apexcoop (at) gmail.com to schedule a tour (please use a real email address and not one generated by craigslist). During the tour you will learn more about how the Apex operates and have an opportunity to ask questions. We accept no applications without an in-person tour.
(If we are not running tours, you can still come for a potluck to get the general vibe of the place. Email for more info).
3. After reviewing applications, the Apex may call you 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 to be paid within one week of acceptance.
If/when 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 tour and interview prospective members.
Subletting is allowed but not encouraged. We expect that every member will be a participating resident except for limited amounts of time. Sublettors must be interviewed and approved, and cannot assume responsibility for members’ regular obligations.