How to approach an off-market property

[Bobby E.]

I have a friend who is a tenant in a multifamily property, and she's heard that the owner might be looking to offload the property. Its a strong market but i know it needs a good amount of work. My question is : How do i approach the owner (via their property manager who i believe has listing rights per the lease agreement)? Should i just ask the PM if they are looking to sell and for how much or do i write up an offer sheet with my best offer? Or is there a better option? Any and all advice is welcomed. Thanks.

Bobby