Who pays the electric bill?
Is the electric panel in basement?
All of the suggestions above are very good.
You want this area as tight as possible and insulated.
Wrap all pipes with that foam insualtion unless you are going route of the heat tape.
You could also put a baseboard electric heat in basement. Comes in up to 8 foot lengths and you could put a thermostat for such. Set it at 45 or lowest setting.
Hope to have good tenants. Being a landlord is not for all.
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