Base board heating

[Brian Sherman]

I have a duplex I purchased in a bank foreclosure last November. It's a solid building with good bones except one thing - no furnaces and it has base board heating. Property is in a college town in Michigan, so the rental market is strong. Each duplex is huge 3 BD/ 2 ba and approx 1400 sq ft. My issue is electric bills as they run 350/ month for each side. Does this seems ridiculous? Any ideas on what's involved and if it's worth it to convert to furnaces? An additional benefit would be the ability to add central air as well in the process. Thanks! Brian