ghetto thug
Exactly it: a Thug From the Ghetto 
Someone who will steal the shirt off your back and sell it to you the next day. At the same time this person is a general all around pimp in his hood. He's also probably the guy banging your wife.
That Ghetto Thug stole my TV! I guess I'll have to buy it back from him cause he's a badass. Hey whose fucking my ho!?